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Worksheet need use of Excel please see the file attached LaPomme has bought apples from orchards 1 – 6 to make three brands of ciders P, Q, R and an apple juice S. The apples from each orchard h ...

Type

Assignment

Subject

Statistics

6 Pages

1. Regarding the age and number of employees of businesses in Ballarat. a. Can you provide an overall summary of the age of businesses?   b. Can you also provide a summary on the number of peop ...

Type

Assignment

Subject

Statistics

6 Pages
###### Management

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Assignment

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Programming

Subject

Statistics

### Question

1. You should use STATA software for any calculations. You must paste your log/output onto your assignment to show your use of STATA; however, this output does not replace any of the steps outlined below.
2. If you are performing a hypothesis test, make sure you state the hypotheses, the level of significance, the rejection region, the test statistic (and p-value, if requested), your decision (whether to reject or not to reject the null hypothesis), and a conclusion in managerial terms that answers the question posed. These steps must be completed in addition to any STATA output.
3. The required STATA data files can be found in the corresponding folder of cuLearn 4. Please do not forget to write your name and student ID on the cover page of the assignment 5. You need to submit the assignment at cuLearn. No late or email submission will be accepted.
Project 1:
House prices are subject to a variety of economic factors but are, to some extent, based on the living area of the house. Analysts examined the recent sales of 1080 homes and consider the following three models for predicting the house prices.
ð‘ƒð‘…ð¼ð¶ð¸ = ð›½i + ð›½2ð‘†ð‘„ð¹ð‘‡ + ðœ€ ð‘™ð‘›(ð‘ƒð‘…ð¼ð¶ð¸) = ð›¼i + ð›¼2ð‘†ð‘„ð¹ð‘‡ + ðœ€ ð‘™ð‘›(ð‘ƒð‘…ð¼ð¶ð¸) = ð›¾i + ð›¾2ð‘™ð‘›(ð‘†ð‘„ð¹ð‘‡) + ðœ€ (a) Using the dataset project1.dta, estimate the above three regression models. Please note that ln designates ‘natural logarithm’.
(b) For each of the models, do the following: (i) interpret the estimated regression coefficients (i.e. ð›½2, ð›¼2, ð›¾2) (ii) calculate marginal effects (use the average values of PRICE or/and SQFT as appropriate) (iii) calculate elasticities (use the average values of PRICE or/and SQFT as appropriate)
(c) Taking into consideration (i) plots of the fitted equations, (ii) plots of the residuals, (iii) error normality plots, and (iv) values of ð‘…2, which equation do you think is preferable? Explain.

### ECON 2220 Econometrics

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## More ECON 2220 ECON 2220 Econometrics : Questions & Answers

Q

Worksheet need use of Excel please see the file attached LaPomme has bought apples from orchards 1 – 6 to make three brands of ciders P, Q, R and an apple juice S. The apples from each orchard have been sorted into three grades A, B and C shown in Table 1. The cider recipes require the graded ...

Q

1. Regarding the age and number of employees of businesses in Ballarat. a. Can you provide an overall summary of the age of businesses?   b. Can you also provide a summary on the number of people that these businesses employ? c. There are 5,750 registered businesses in the Ballarat region. P ...

Q

You have some relevant information in your introduction but I recommend getting advice from an academic skills advisor on your writing style. General commonly known information doesn’t need a citation, if you are asserting something more than this (eg that poor hand eye coordination leads to l ...

Q

Assignment 1 will require you to achieve workable level of business understanding, look at the data and achieve a workable level of data understanding. From this material you will write a project plan. This will contain:    Justification of your project (why you propose to do the BI/d ...

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