QNo. 4 growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability. Several econometric tests are applied to know the cause and effects of different factors of economy. Your job is to develop a suitable model, equation and interpret the following E-views results Economic growth requires stability of political system and affordable inputs. The economic objectively, state the hypothesis explicitly, and also state what method of regression is used for the purpose, and what does R-Square means and implies here (7+8+6-20). Dependent Variable: GDP Method: ARDL Variable Coefficient Std. Error t-Statistic Prob." EC -12041826 6881542. -1.749873 0.0919 PIS 94055749 1.03E+08 0.916839 0.3677 1.26E+08 -3.171153 0.0039 INF -4.00E+08 0.0485 42080283 0.433188 OP 18228694 0.0000 1.89E+10 5.423712 1.02E+11 8.36E+10 0.998694 Mean dependent var R-squared 2.127761 1325.844 Durbin-Watson stat F-statistic 0.000000
QNo. 4 growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability. Several econometric tests are applied to know the cause and effects of different factors of economy. Your job is to develop a suitable model, equation and interpret the following E-views results Economic growth requires stability of political system and affordable inputs. The economic objectively, state the hypothesis explicitly, and also state what method of regression is used for the purpose, and what does R-Square means and implies here (7+8+6-20). Dependent Variable: GDP Method: ARDL Variable Coefficient Std. Error t-Statistic Prob." EC -12041826 6881542. -1.749873 0.0919 PIS 94055749 1.03E+08 0.916839 0.3677 1.26E+08 -3.171153 0.0039 INF -4.00E+08 0.0485 42080283 0.433188 OP 18228694 0.0000 1.89E+10 5.423712 1.02E+11 8.36E+10 0.998694 Mean dependent var R-squared 2.127761 1325.844 Durbin-Watson stat F-statistic 0.000000
Chapter1: Making Economics Decisions
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![QNo. 4
growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability.
Several econometric tests are applied to know the cause and effects of different factors of economy.
Economic growth requires stability of political system and affordable inputs. The economic
Your job is to develop a suitable model, equation and interpret the following E-views results
objectively, state the hypothesis explicitly, and also state what method of regression is used for the
purpose, and what does R-Square means and implies here (7+8+6-20).
Dependent Variable: GDP
Method: ARDL
Variable
Coefficlent
Std. Error
t-Statistic
Prob.
EC
-12041826
6881542.
-1.749873
0.0919
PIS
94055749
1.03E+08
0.916839
0.3677
1.26E+08
-3.171153
0.0039
INF
-4.00E+08
0.0485
18228694
42080283
0.433188
OP
0.0000
1.02E+11
1.89E+10
5.423712
8.36E+10
0.998694
Mean dependent var
R-squared
2.127761
1325.844
Durbin-Watson stat
F-statistic
0.000000
Prob(F-statistic)
Note: EC=Energy Crisis, INF=Inflation, GDP= Economic Growth, OP=Oil Prices, PIS= Political Instability](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0691a9f7-fb26-4371-aab0-fe5fed3dcbc0%2F10cd4de6-75bd-4bb3-9bef-a7268e4fced7%2Fx42b05h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QNo. 4
growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability.
Several econometric tests are applied to know the cause and effects of different factors of economy.
Economic growth requires stability of political system and affordable inputs. The economic
Your job is to develop a suitable model, equation and interpret the following E-views results
objectively, state the hypothesis explicitly, and also state what method of regression is used for the
purpose, and what does R-Square means and implies here (7+8+6-20).
Dependent Variable: GDP
Method: ARDL
Variable
Coefficlent
Std. Error
t-Statistic
Prob.
EC
-12041826
6881542.
-1.749873
0.0919
PIS
94055749
1.03E+08
0.916839
0.3677
1.26E+08
-3.171153
0.0039
INF
-4.00E+08
0.0485
18228694
42080283
0.433188
OP
0.0000
1.02E+11
1.89E+10
5.423712
8.36E+10
0.998694
Mean dependent var
R-squared
2.127761
1325.844
Durbin-Watson stat
F-statistic
0.000000
Prob(F-statistic)
Note: EC=Energy Crisis, INF=Inflation, GDP= Economic Growth, OP=Oil Prices, PIS= Political Instability
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