ECON 351 Chapter 7: chap07.pdf
22 Mar 2014
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T: we estimate that the average number of emergency room cases has been increasing by. The t-value is 3. 06 and p-value = 0. 003 < 0. 01. Holiday: the average number of emergency room cases is estimated to go up by 13. 86 on holidays, holding all else constant. The holiday effect is significant at the 0. 05 level. Fri and sat: the average number of emergency room cases is estimated to go up by 6. 9 and 10. 6 on fridays and saturdays, respectively, holding all else constant. These estimated coefficients are both significant at the 0. 01 level. Fullmoon: the average number of emergency room cases is estimated to go up by. 2. 45 on days when there is a full moon, all else constant. However, a null hypothesis stating that a full moon has no influence on the number of emergency room cases would not be rejected at any reasonable level of significance.
