Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 431 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Mar 2018 My Price 8.00

data in MINWAGE.RAW

c12 Use the data in MINWAGE.RAW for this exercise, focusing on the wage and employ- ment series for sector 232 (Men’s and Boys’ Furnishings). The variable gwage232 is the monthly growth (change in logs) in the average wage in sector 232; gemp232 is the growth in employment in sector 232; gmwage is the growth in the federal minimum wage; and gcpi is the growth in the (urban) Consumer Price Index.

(i)       Find the first order autocorrelation in gwage232. Does this series appear to be weakly dependent?

(ii)      Estimate the dynamic model

gwage232t 5 b0 1 b1gwage232t−1 1 b2gmwaget 1 b3gcpit 1 ut

by OLS. Holding fixed last month’s growth in wage and the growth in the CPI, does an increase in the federal minimum result in a contemporaneous increase in gwage232t? Explain.

(iii)    Now add the lagged growth in employment, gemp232t−1, to the equation in part (ii).

Is it statistically significant?

(iv)    Compared with the model without gwage232t−1 and gemp232t−1, does adding the two lagged variables have much of an effect on the gmwage coefficient?

(v)     Run the regression of gmwaget on gwage232t−1 and gemp232t−1, and report the R-squared. Comment on how the value of R-squared helps explain your answer to part (iv).

 

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Mar 2018 06:03 PM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)