Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 for incumbents who were elected in 1988. Candidate A was elected in 1988 and was seeking reelection in 1990; voteA90 is Candidate A's share of the two-party vote in 1990. The 1988 voting share of Candidate A is used as a proxy variable for quality of the candidate. All other variables are for the 1990 election. The following equations were estimated, using the data in VOTE2: voteA90 = 75.71 + .312 prtystrA + 4.93 democA (9.25) (.046) -929 log(expendA) – 1.950 log(expendB) (.684) n = 186, R = .495, R = 483, (1.01) (.281) %3D and voteA90 = 70.81 + .282 prtystrA + 4.52 democA (1.06) (10.01) (.052) -.839 log(expendA) – 1.846 log(expendB) + .067 voteA88 (.687) n = 186, R² = .499, R² = .485. (.292) (.053) (i) Interpret the coefficient on voteA88 and discuss its statistical significance. (ii) Does adding voteA88 have much effect on the other coefficients?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 for incumbents
who were elected in 1988. Candidate A was elected in 1988 and was seeking reelection in 1990;
voteA90 is Candidate A's share of the two-party vote in 1990. The 1988 voting share of Candidate A is
used as a proxy variable for quality of the candidate. All other variables are for the 1990 election. The
following equations were estimated, using the data in VOTE2:
voteA90 = 75.71 + .312 prtystrA + 4.93 democA
(9.25) (.046)
-929 log(expendA) – 1.950 log(expendB)
(.684)
n = 186, R = .495, R = 483,
(1.01)
(.281)
%3D
Transcribed Image Text:Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 for incumbents who were elected in 1988. Candidate A was elected in 1988 and was seeking reelection in 1990; voteA90 is Candidate A's share of the two-party vote in 1990. The 1988 voting share of Candidate A is used as a proxy variable for quality of the candidate. All other variables are for the 1990 election. The following equations were estimated, using the data in VOTE2: voteA90 = 75.71 + .312 prtystrA + 4.93 democA (9.25) (.046) -929 log(expendA) – 1.950 log(expendB) (.684) n = 186, R = .495, R = 483, (1.01) (.281) %3D
and
voteA90 = 70.81 + .282 prtystrA + 4.52 democA
(1.06)
(10.01) (.052)
-.839 log(expendA) – 1.846 log(expendB) + .067 voteA88
(.687)
n = 186, R² = .499, R² = .485.
(.292)
(.053)
(i)
Interpret the coefficient on voteA88 and discuss its statistical significance.
(ii) Does adding voteA88 have much effect on the other coefficients?
Transcribed Image Text:and voteA90 = 70.81 + .282 prtystrA + 4.52 democA (1.06) (10.01) (.052) -.839 log(expendA) – 1.846 log(expendB) + .067 voteA88 (.687) n = 186, R² = .499, R² = .485. (.292) (.053) (i) Interpret the coefficient on voteA88 and discuss its statistical significance. (ii) Does adding voteA88 have much effect on the other coefficients?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman