4. Researcher is using data for a sample of 100 household to estimate the relation between daily consumption expenditure and income in dire dawa city Sabina kebele. Preliminary analysis of the sample data produces the following data. Σ+ - 7000, Σx - 10000, Σ× - 1000 2- 20000 20 - Y Where x=X₁ - X₁ and y=Y-Y b) Use the above information to compute OLS estimates of the intercept and slope coefficients and interpret the result. c) Calculate the variance of the slope

4. Researcher is using data for a sample of 100 household to estimate the relation between daily consumption expenditure and income in dire dawa city Sabina kebele. Preliminary analysis of the sample data produces the following data. Σ+ - 7000, Σx - 10000, Σ× - 1000 2- 20000 20 - Y Where x=X₁ - X₁ and y=Y-Y b) Use the above information to compute OLS estimates of the intercept and slope coefficients and interpret the result. c) Calculate the variance of the slope

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A10

4. Researcher is using data for a sample of 100 household to
estimate the relation between daily consumption expenditure
and income in dire dawa city Sabina kebele. Preliminary
analysis of the sample data produces the following data.
Σ+ - 7000, Σx - 10000, Σ× - 1000
2- 20000 20 - Y
Where
x=X₁ - X₁ and y=Y-Y
b) Use the above information to compute OLS estimates of
the intercept and slope coefficients and interpret the result.
c) Calculate the variance of the slope

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