Textbook Notes (362,796)
Economics (727)
ECON 3U03 (5)
Chapter

# Exercise 5 Notes

5 Pages
61 Views

School
McMaster University
Department
Economics
Course
ECON 3U03
Professor
James Bruce
Semester
Winter

Description
EX 5.4: wTRANS = B + B0ln (1OTEXP) + B AGE + B2NK + e 3 Table 5.7 wTRANS = -0.0315 + 0.014 ln (TOTEXP) + ….(0.0322) include quadratic term N (a) What is the marginal effect of NITRO on YIELD? dYIELD/dNITRO = B + 2 * 1 NITRO +3B * PHOS 5 (b) evaluate dYIELD/dNITRO at NITRO = PHOS = 1 (c) H 0 dYIELD/dNITRO = 0 when PHOS = 1 and NITRO = 1 H 0 B +12 * B *13+ 1 + B 1 =3 * H 1 B +12B + 3 = 0 5 Test Statistic t = (b1+ 2b +3b ) 5 0/(sqr rt (Var (b + 1b3 + b5)) t =(about) t(27 SSE Slope = 0 EX 5.23 SCORE = B + B 1GE +2B AGE + B 3GE + e (b –4ii) 3 When was he improving at an increasing rate? Plot (…) Score improving -> ds/dA at an increasing rate. D S/d A < 0 -4.4 Slope = 0 20 30.08 AGE iv) When is his score worse than at age 20 Prediction of score at age 20. To create new data. data.frame (age = 20) predict scores from ag
More Less

Related notes for ECON 3U03

OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Join to view

OR

By registering, I agree to the Terms and Privacy Policies
Just a few more details

So we can recommend you notes for your school.