24. A manufacturing plant output model is Q = ß₁+ ß2MGTEFF + ß3CAP + ß4LAB + e,where Q is the output in a particular manufacturing plant, MGTEFF is a managerialefficiency index, CAP is capital stock input index and LAB is labor input index.Measuring MGTEFF is difficult. Suppose Q B₁+ B₂EXPER+ ß3CAP + ß4LAB + ewhere EXPER is the plant manager's experience, measured in years is proposed. Whymight we worry that EXPER is endogenous?A. Manager's experience may have measurement errorsB. Manager's experience maybe correlated with omitted variables.C. Plant output and manager's experience maybe jointly determined.D. All the above.25. Ordinary least squares method assumes time series data are stationary. Which of thefollowing depicts a stationary time series?1816-14-12-10-8-6-wymgmgmgmypergunjungmp-rpiqunjungtung84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16(a) Real gross domestic product (GDP), Strillion (quarterly)1612-8-4-0--455 60 65در استان ها باINF70 75 80 85 90 95(c) Inflation, percent (monthly)A. Real GDPB. Change in real GDPC. InflationD. Change in inflation00 05 10 15стриальную-0.4mmvepupupuya84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 16(b) Change in GDP (quarterly)0.30.2-0.1-0.0--0.1--0.2--0.3-55 60 6570 75 80 85 90 95 00(d) Change in inflation (monthly)וווווווווד05 10 15

24. A manufacturing plant output model is given by: Q=β1+β2MGTEFF+β3CAP+β4LAB+e Where: Q=…

Answered: A manufacturing plant output model is Q…

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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