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ECON241 Introductory Econometrics

tag 0 Download 8 Pages / 1,775 Words tag 15-07-2021

Questions:

1. Using the critical value method, test for the individual significance of the coefficient for each of the variables Inc, and Gp at the 5% significance level.

2. Calculate the gas price elasticity of per household gas consumption and income elasticity of per household gas consumption at the sample mean values and interpret them
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