This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One of the least squares assumptions in the multiple regression model is that you have random ... (Read 127 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
One of the least squares assumptions in the multiple regression model is that you have random variables which are i.i.d. This stands for
 
  A) initially indeterminate differences.
  B) irregularly integrated dichotomies.
  C) identically initiated deltas (as in changes).
  D) independently and identically distributed.

Question 2

Give at least three examples from economics where you expect some nonlinearity in the relationship between variables. Interpret the slope in each case.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: Typical answers involve the Cobb-Douglas production function, the Phillips curve, earnings functions, and (given the textbook discussion) student performance and income.


BRWH

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Kidney Anatomy model Kidney Anatomy model
Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris
Induced-fit model of enzyme activity. Induced-fit model of enzyme activity.
A model of the 70S ribosome based upon early structural data A model of the 70S ribosome based upon early structural data
Model of a complex systems Model of a complex systems
The epigenetic stem cell model proposes that both epigenetic changes The epigenetic stem cell model proposes that both epigenetic changes
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library