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Category > Management Posted 02 Oct 2017 My Price 4.00

data in KIELMC.RAW,

2    Using the data in KIELMC.RAW, the following equations were estimated using the years 1978 and 1981:

ïž²log(price) 5 11.49 2 .547 nearinc 1 .394 y81?nearinc

(.26)  (.058)                (.080)

n 5 321, R2 5 .220

 

and

 

 

 

ïž²log(price) 5 11.18 1 .563 y81 2 .403 y81?nearinc

(.27)  (.044)          (.067)

n 5 321, R2 5 .337.

 

Compare the estimates on the interaction term y81?nearinc with those from equation (13.9). Why are the estimates so different?

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Maurice Tutor
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Status NEW Posted 02 Oct 2017 01:10 PM My Price 4.00

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