ECON 2P91 Lecture Notes - Lecture 5: Null Hypothesis, Analysis Of Variance

• School: Brock University
• Department: Economics
• Course: ECON 2P91
• Professor: Tomson Ogwang

Document Summary

(a) obtain the anova table for this regression (cid:1870)(cid:1855)(cid:1857) =(cid:884)(cid:890). (cid:890)(cid:885)+(cid:883). (cid:889)(cid:883)(cid:1838)(cid:1867)(cid:1872)+(cid:884). (cid:884)(cid:888)(cid:1844)(cid:1839)+(cid:885)(cid:886). (cid:890)(cid:890)(cid:1846)(cid:1844)(cid:1839)+(cid:883)(cid:889). (cid:886)(cid:885)(cid:1845)(cid:1839)(cid:1846) (5. 26) 0. 17. Ui not included in the estimated equation, only included in the population equation. Ser=34. 32 (cid:1844)(cid:2870)=(cid:882). (cid:886)(cid:882)(cid:885)(cid:891) (c ) interpret the estimated slope coefficient for the bsmt binary variable. Please make sure that you state the null and alternative hypothesis and the relevant critical values for this test. Explain the meaning of testing for significance of the overall regression. [(cid:3013) (cid:1866)(cid:1856)/(cid:1867)(cid:1870),(cid:3019)(cid:3014) (cid:1866)(cid:1856)/(cid:1867)(cid:1870),(cid:3021)(cid:3019)(cid:3014) (cid:1866)(cid:1856)/(cid:1867)(cid:1870),(cid:3020)(cid:3014)(cid:3021) ] (use table 4) fc 5%. df=4, (dfd=n-k-1) =2. 37. Reject the null hypothesis, overall regression is significance (similar to t-ratio test) (f) restricted and unrestricted will be on the midterm! Perform an f-test for the joint significance of the coefficients for bdrm and bthrm. Please be sure to indicate your null and alternative hypotheses as well as the restricted and unrestricted regressions. Fc 5%. df=4, (dfd=n-k-1) =3. 00.