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.
![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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7507c183-cfcf-4148-b8c2-33b372984d32%2Fc636b53f-88ed-4c66-a138-62d0e9c25f9e%2F7qctkx_processed.png&w=3840&q=75)
Transcribed Image Text: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)
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