Let ECON10 denote the percentage of econometric students at UWI who need to receive a passing score on a standardized econometrics exam. The government wish to estimate its efforts of the local funded tertiary econometrics analysis software on students' performance. In fact, the government expect the analysis software to have a positive ceteris paribus effect performance, all other things being equal, if the student who is under-privilege to purchase the software becomes eligible for the government funded tertiary assistance software program, his or her performance should improve by 10% points in the error term in UWI and students' characteristics that effect the school program. Given that tertiary denotes % of the students who is eligible for the software program and u – error term. 1. Write a simple regression model. 2. UWI for 2019 – 2020 academic year obtain the following: ECON10 = 32. 14 – 0.319Terprog n= 408 R2 = 0. 171 What does the equation predict? 3. Do you agree / disagree with the prediction. Explain your answer. 4. Is the regression biased or unbiased?

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Let ECON10 denote the percentage of econometric students at UWI who need to receive a passing score
on a standardized econometrics exam. The government wish to estimate its efforts of the local funded
tertiary econometrics analysis software on students' performance. In fact, the government expect the
analysis software to have a positive ceteris paribus effect performance, all other things being equal, if
the student who is under-privilege to purchase the software becomes eligible for the government
funded tertiary assistance software program, his or her performance should improve by 10% points in
the error term in UWI and students' characteristics that effect the school program.
Given that tertiary denotes % of the students who is eligible for the software program
and
u - error
term.
1. Write a simple regression model.
2. UWI for 2019 – 2020 academic year obtain the following:
ECON10 = 32. 14 – 0.319Terprog n= 408 R² = 0.171
What does the equation predict?
3. Do you agree / disagree with the prediction. Explain your answer.
4. Is the regression biased or unbiased?
Transcribed Image Text:Let ECON10 denote the percentage of econometric students at UWI who need to receive a passing score on a standardized econometrics exam. The government wish to estimate its efforts of the local funded tertiary econometrics analysis software on students' performance. In fact, the government expect the analysis software to have a positive ceteris paribus effect performance, all other things being equal, if the student who is under-privilege to purchase the software becomes eligible for the government funded tertiary assistance software program, his or her performance should improve by 10% points in the error term in UWI and students' characteristics that effect the school program. Given that tertiary denotes % of the students who is eligible for the software program and u - error term. 1. Write a simple regression model. 2. UWI for 2019 – 2020 academic year obtain the following: ECON10 = 32. 14 – 0.319Terprog n= 408 R² = 0.171 What does the equation predict? 3. Do you agree / disagree with the prediction. Explain your answer. 4. Is the regression biased or unbiased?
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