6. Theoretical equation: Si = Bo+ B1Y₁+ B ₂ G₁ + 5 i 0 Where: S = Educational birr spent per school student in the ith region in Ethiopia (in Birr Y = Per capita income in the įth region (in Birr) G=% growth of school enrollment in the ith region (in %) Estimated equation: Si= -183+ 0.1422Yi - 5926Gi a. Interpret the estimated regression coefficients b. In the estimated equation, why is the dependent variable S, and not S;? i c. Did I forget the stochastic error term in the estimated equation? d. Suppose that you had the opportunity to add another variable to the equation - what would happen to adjusted R²? e. What do you think would happen to the estimated coefficients of this equation if we had measured the per capita income variable in thousands of birr instead of in birr? Be specific.
6. Theoretical equation: Si = Bo+ B1Y₁+ B ₂ G₁ + 5 i 0 Where: S = Educational birr spent per school student in the ith region in Ethiopia (in Birr Y = Per capita income in the įth region (in Birr) G=% growth of school enrollment in the ith region (in %) Estimated equation: Si= -183+ 0.1422Yi - 5926Gi a. Interpret the estimated regression coefficients b. In the estimated equation, why is the dependent variable S, and not S;? i c. Did I forget the stochastic error term in the estimated equation? d. Suppose that you had the opportunity to add another variable to the equation - what would happen to adjusted R²? e. What do you think would happen to the estimated coefficients of this equation if we had measured the per capita income variable in thousands of birr instead of in birr? Be specific.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please, explain detail following formulats
thank you
Transcribed Image Text:6. Theoretical equation: S₁ = 0 + B₁Y₁ + В 2 G₁ +
Where: S = Educational birr spent per school student in the ith region in Ethiopia (in Birr
Y = Per capita income in the ith region (in Birr)
G=% growth of school enrollment in the ith region (in %)
Estimated equation: Si = -183+ 0.1422Yi - 5926Gi
a. Interpret the estimated regression coefficients
b. In the estimated equation, why is the dependent variable Sį and not S;?
c. Did I forget the stochastic error term in the estimated equation?
d. Suppose that you had the opportunity to add another variable to the equation – what
would happen to adjusted R²?
e.
What do you think would happen to the estimated coefficients of this equation if we
had measured the per capita income variable in thousands of birr instead of in birr?
Be specific.
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