ECON1151 Study Guide - Binary Logarithm, Tachykinin Receptor 1, Liquid Oxygen
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Yi=b0+b1 x b1= cov ( x , y ) (xi x)xi yi b0= y b1 x ei=observed predicted= yi yi= yi (b0+b1 xi) ei model error+sample error (b0,b1,b2 , ) Standard least squares assumptions hold (or distribution of b1 are normally distributed is approximately normal) t n k 1=tb j j j sb j. C. i. j t n k 1, / 2 sb j. Yn+1 t n 2, /2 [ 1 n n ( xn +1 x)2. Increase n or (xi x)2 (xn+1 x)2. 2 log (y )=log ( 0)+ 1 log( x1)+ 2 log(x 2)+log ( ) log ( y)=b0+b1 x1+b2log (x2) Function log (q)=log( 0)+ 2 log (l)+(1 2)log( k )+log( ) log (q) log( k )=log ( 0)+ 2[log ( l) log( k )]+log( ) log( q. Estimates the difference in the coefficient of x1 from x2=1 to x2=0 (shifts function) x2=0 when x2=1 compared to. H 1 : 3 0 1 0, 2 0.
