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lenga012 lenga012
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6 years ago
Consider a situation where economic theory suggests that you impose certain restrictions on your estimated multiple regression function.
 
  These may involve the equality of parameters, such as the returns to education and on the job training in earnings functions, or the sum of coefficients, such as constant returns to scale in a production function. To test the validity of your restrictions, you have your statistical package calculate the corresponding F-statistic. Find the critical value from the F-distribution at the 5 and 1 level, and comment whether or not you will reject the null hypothesis in each of the following cases.
  (a) number of observations: 152; number of restrictions: 3; F-statistic: 3.21
  (b) number of observations: 1,732; number of restrictions:7; F-statistic: 4.92
  (c) number of observations: 63; number of restrictions: 1; F-statistic: 2.47
  (d) number of observations: 4,000; number of restrictions: 5; F-statistic: 1.82
  (e) Explain why you can use the Fq, distribution to compute the critical values in (a)-(d).
  What will be an ideal response?
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BlackfireluvBlackfireluv
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6 years ago
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lenga012 Author
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6 years ago
Thank you, thank you, thank you!
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Brilliant
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