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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
c10 Use all the data in PHILLIPS.RAW to answer this question. You should now use 56 years of data.
Reestimate equation (11.19) and report the results in the usual form. Do the inter- cept and slope estimates change notably when you add the recent years of data?
Obtain a new estimate of the natural rate of unemployment. Compare this new estimate with that reported in Example 11.5.
Compute the first order autocorrelation for unem . In your opinion, is the root close to one?
Use cunem as the explanatory variable instead of unem . Which explanatory variable gives a higher R -squared?
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