Dependent Variable: FACEBOOK LOGIN Included observations: 45 Variable C Coefficient Std. Error t-Statistic -0.4699 1.0095 -0.4655 FRIENDS 0.0499 0.0188 2.6543 AGE 0.1354 0.1352 1.0015 EMPLOYED -1.3072 0.4627 -2.8252 TWITTER 1.5345 0.8167 1.8789 R-squared 0.4647 F-statistic 8.6809 Adjusted R- 0.4112 Prob(F- 0.0008 squared statistic)
Dependent Variable: FACEBOOK LOGIN Included observations: 45 Variable C Coefficient Std. Error t-Statistic -0.4699 1.0095 -0.4655 FRIENDS 0.0499 0.0188 2.6543 AGE 0.1354 0.1352 1.0015 EMPLOYED -1.3072 0.4627 -2.8252 TWITTER 1.5345 0.8167 1.8789 R-squared 0.4647 F-statistic 8.6809 Adjusted R- 0.4112 Prob(F- 0.0008 squared statistic)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Question
100%
Investigate what factors determine the number of times a person logs into Facebook per week. It is argued that these four factors are important: number of friends, age in years, whether the person is employed, and whether the student has a Twitter account. That is:
FACEBOOK LOGIN=f(FRIENDS,AGE,EMPLOYED,TWITTER)
Do you think other relevant explanatory variables should also be included? Name any two such variables and explain why they should be included in the regression.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education