achievement of individuals. Using data on completed years of education (edu level of education (motheduc), father's level of education (fatheduc), a measu ability (abil), and logarithm of family income (Lincome), the researcher estima Table (1) shows the OLS estimates for each model, with standard errors in pa underneath each coefficient. The dependent variable in all the models is educ Model 1 Model 2 Model 3 Mode Independent variables
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- For a logistic regression looking at the log-odds of obesity among 20 to 70 year olds, age was included as a predictor. Age was recorded into categories: 20-29, 30-39. 40-49, 50-59, and 60-70. Given it is an ordinal variable, the statistician acknowledged that age could be included in the logistic regression model as continuous or categorical. Suppose that the statistician used loglikelihood ratio test of nested models to examine whether age could be treated as continuous. First, what is the null hypothesis? O Age is not a predictor of obesity Age is appropriate as a continuous variable O Age is appropriate as a categorical variable O Age is a predictor of obesityTable 4 above is displaying odds ratios for each predictor estimated by a multivariablelogistic regression model with all 6 predictors included at the same time. Based onthis model, what is the minimum number of in-hospital deaths they should have intheir dataset? A) 30 B) 50 C) 60 D) 70You were asked to help with an analysis of birth weights (BW) of 10,000 infants born in NYC during a certain period of time. The aim of the analysis is to see whether the birth weights of the infants are associated with mothers’ AGE at birth (continuous variable in years), mothers’ current HOUSING status (“own” and “not-own”; “own” is the reference group), and NYC boroughs (the BOROUGH variable contains 5 categories “Manhattan”, “Bronx”, “Brooklyn”, “Queens” and “Staten Island”; “Manhattan” is the reference group). Write down the population model that estimates the effect of mother’s AGE on BW while adjusting for mother’s current HOUSING status. If you use dummy or binary variables, specify what they mean. Write down the population model that estimates the effect of mother’s AGE on BW while adjusting for mother’s current HOUSING status and BOROUGH. If you use dummy or binary variables, specify what they mean. Write down the population model that estimates the effect of mother’s AGE…
- This dataset continues our saga of modeling the price of this popular Honda automobile. The dataset has now been cleaned to remove the columns with the dealership where the car was offered for sale and specific trim. (a) write out your model in econometric notation. Be very precise! (b) using the 93 observations in the dataset, estimate a model where price is a function of age, mileage and trim of the car. Be sure to avoid the dummy variable trap!! Fully report the results of your model. In this case, interpretation of the coefficients on the dummy variables is particularly important. (c) test the hypothesis that the specific trim does not affect the price of a Civic. Be sure to do all parts of the hypothesis test. (please fully describe steps if you are using Excel) Price Years Old KM EX EXT SE Sport Touring 6555 9 290363 0 0 0 0 0 9999 9 142258 0 0 0 0 0 10281 6 132644 0 0 0 0 0 12480 5 167125 0 0 0 0 0 12991 7 57398 0 0 0 0 0 12991 6 93046 0 0 0 0 0 12991…Please tapy answer A. What is latent variable in the probit model? B. Which estimator will you choose to estimate a logit model? C. What is the “count R-square” for the probit model? D.What method can you use to estimate parameters of a sample selection data? E. can the, MLE be used to estimate parameters of a sample selection data?Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety has been fairly constant over the last three years. The managers at Fiske are planning for some changes in the product line next year, but first they want to understand better the relation between activity and factory costs as experienced with the current products. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last three year's operations: Quarter Machine-Hours 18,850 4 5 6 7 8 9 10 11 12 18,590 17,480 19,240 21,280 19,630 19,240 18,850 18,460 20,670 17,550 18,460 Labor-Hours 15,605 15,484 16,727 15,990 17,508 17,376 15,297 14,373 16,001 17,002 14,285 17,651 Factory costs $ 3,395,671 3,425,836 3,617,844 3,573,940 3,812,984 3,778,012 3,532,426 3,369,802 3,513, 187 3,731,434 3,325,615 3,724,486 Required: Prepare a scatter graph based on the factory cost and labor-hour data. Note: 1.…
- Part D. Data from the Statistical Abstract of the United States provides a panel data collected at the state level in 1987 and 1990. These data are used to estimate MODEL 1: The variables used in the analysis are: infmort is number of deaths within the year per 1,000 live births Ipcinc is natural log of per capita income Ipopul is natural log of the population (the population is in thousands) Iphysic is natural log of physicians per 100,000 inhabitants d90 is year dummy for 1990. For questions 1 to 4 you can assume that MLR 1-4 are satisfied. A 1. Use the Stata output below to interpret ß3. Test at a 5% significance level whether the number of physicians per capita has any effect on infant mortality rate. reg infmort 1pcinc 1popul 1physic d90 Source Model Residual Total infmort infmort = Po + B₁lpcinc + B₂lpopul + ß3lphysic + 8₁ d90 + u SS 78.0499129 350.452136 428.502049 df . 19.5124782 4 97 3.61290862 Coef. Std. Err. MS 101 4.24259454 1pcinc -4.693354 1.638132 1popul - .0551426…Suppose you are interested in the role of social support in immune function among retired men who live alone. You ask 50 patients to record the number of days they do not see or interact with a friend or family member over a period of 1 month to see whether the number of nonsocial days in a typical month correlates with the number of new illnesses they experience per year. You decide to use the computational formula to calculate the Pearson correlation between the number of nonsocial days in a month and the number of illnesses per year. To do so, you call the number of nonsocial days in a month X and the number of illnesses per year Y. Then, you add up your data values (∑X and ∑Y), add up the squares of your data values (∑X2 and ∑Y2), and add up the products of your data values (∑XY). The following table summarizes your results: ∑X 590 ∑Y 380 ∑XY 4,887 ∑X2 10,456 ∑Y2 4,258 Find the following values: The sum of squares for the number of nonsocial days in a month is SSX=…Refer to the Mintab output below. What can be said based on this ouput (in other words, which statement is TRUE)? Group of answer choices a. Age_Years is signficant in the prediction of the output under consideration b. The results of this research analysis cannot be reliably interpreted c. This output is from a simple linear regression research analysis d. An analysis of the residuals is required e. Answers 1 through 4 are all true
- Please look at the following regression table. The year is 2010. The data originates from the Penn World Table 9.0, from Harris et.al. 2014 from the World Bank and from the International Energy Agency. The variables are defined as follows: Lntran_pc = log of transportation energy consumption per capita (ktoe) Lnypcpenn =log of GDP per capita (USD) Ln_gasprice = log of pump price for gasoline (USD/liter) Ln_temperature = log of the average annual temperature (in C) Ln_annualprecip= log of annual precipitation (mm) Ln_land = log of the land area of a country OECD = a dummy (indicator) that takes on the value of 1 if the country is OECD member, zero otherwise. Please define (Gauss Markov) MLR 4, state if it is likely to hold or not in this case.Interpret the coefficient estimate on Married in column 2, commenting on both magnitude and statistical significanceA researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B0IL+YEXP+8FDI Where FR = yearly foreign reserves ($000°s), OIL = annual oil prices, EXP = yearly total exports ($000's) and FDI = annual foreign direct investment ($000`s). The sample of data was processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** s = 2.45 R-sq = 96.3% R-sq (adj) = 95.3% Analysis of Variance Source DF MS F Regression 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15 a) What is dependent and independent variables? b) Fully write out the regression equation