Econometric Analysis of Cross Section and Panel Data - Math Problem Example

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The paper “Econometric Analysis of Cross Section and Panel Data” is an engrossing variant of the math problem on macro & microeconomics. The equation is given by Ln (𝑝𝑟𝑖𝑐𝑒) = 𝛽1 + 𝛽2𝑐𝑟𝑖𝑚𝑒 + 𝛽3�𝑖𝑠𝑡 + 𝛽4ln (𝑛𝑜𝑥) + 𝛽5𝑙𝑜𝑤𝑠𝑡𝑎𝑡 + 𝛽6ln (𝑝𝑟𝑜𝑝𝑡𝑎𝑥) + 𝛽7𝑟𝑎�𝑖𝑎𝑙 + 𝛽8𝑠𝑡𝑟𝑎𝑡𝑖𝑜 + 𝛽9𝑟𝑜𝑜𝑚𝑠 + 𝑒…

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Econometric Analysis of Cross Section and Panel Data

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Subject: Macro & Microeconomics
Type: Math Problem
Level: Masters
Pages: 6 (1500 words)
Downloads: 0

Extract of sample "Econometric Analysis of Cross Section and Panel Data"

Econometric Course Professor’s Name Name of the Institution Date Question one (a) The equation is given by: Ln (𝑝𝑟𝑖𝑐𝑒) = 𝛽1 + 𝛽2𝑐𝑟𝑖𝑚𝑒 + 𝛽3𝑑𝑖𝑠𝑡 + 𝛽4ln (𝑛𝑜𝑥) + 𝛽5𝑙𝑜𝑤𝑠𝑡𝑎𝑡 + 𝛽6ln (𝑝𝑟𝑜𝑝𝑡𝑎𝑥) + 𝛽7𝑟𝑎𝑑𝑖𝑎𝑙 + 𝛽8𝑠𝑡𝑟𝑎𝑡𝑖𝑜 + 𝛽9𝑟𝑜𝑜𝑚𝑠 + 𝑒 The regression results are shown in the table below From the results, the estimated equation will be given by; LPRICE = -0.00899022863382*LOWSTAT + 0.176450565448*LNOX 0.00119235090003*DIST - 0.00667964959875*CRIME + 0.231670438192*LPROPTAX - 0.037923718021*NOX + 3.62441426754e-05*PRICE - 0.00822618311505*PROPTAX + 0.00479484711547*RADIAL - 0.0462807286603*ROOMS - 0.00114227351782*STRATIO + 8.4075273902. From the results, it is clear that distance, lnox, nox and stratio are not statistically significance while the rest of the variables are statistically with p-value < 0.05. (b) Using significance level of 0.15 on rooms, the regression equation is given below From the results, p-value is 0.00 Read More

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