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Question 3 We have a time series dataset from the US which includes the following variables for the period 1960- 1999: • Y₁: Per capita chicken consumption (in pounds) in year t. . PC: The price of chicken (in cents per pound) in year t.

Question 3 We have a time series dataset from the US which includes the following variables for the period 1960- 1999: • Y₁: Per capita chicken consumption (in pounds) in year t. . PC: The price of chicken (in cents per pound) in year t.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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the question 3 is for context, need help answering just for the c section

Question 3 We have a time series dataset from the US which includes the following variables for the period 1960- 1999: Yt: Per capita chicken consumption (in pounds) in year t. PC: The price of chicken (in cents per pound) in year t. PB: The price of beef (in cents per pound) in year t. YD: Per capita disposable income (in hundreds of dollars) in year t. YD2t: YD+ squared, i.e. YD2, = YD² We estimate by OLS the following regression model: Table 2 ■ . Dependent variable: Y Number of observations: 40 Variable intercept PC PB YD YD2 R-squared F statistic (p-value) Coefficient 27.6 -0.61 0.09 0.20 -0.0001 0.99 8.74 (0.006) Standard Error 1.58 0.16 0.04 0.01 0.00005
Transcribed Image Text:Question 3 We have a time series dataset from the US which includes the following variables for the period 1960- 1999: Yt: Per capita chicken consumption (in pounds) in year t. PC: The price of chicken (in cents per pound) in year t. PB: The price of beef (in cents per pound) in year t. YD: Per capita disposable income (in hundreds of dollars) in year t. YD2t: YD+ squared, i.e. YD2, = YD² We estimate by OLS the following regression model: Table 2 ■ . Dependent variable: Y Number of observations: 40 Variable intercept PC PB YD YD2 R-squared F statistic (p-value) Coefficient 27.6 -0.61 0.09 0.20 -0.0001 0.99 8.74 (0.006) Standard Error 1.58 0.16 0.04 0.01 0.00005
O Test the significance of the coefficient of PB. Use a 10% significance level.
Transcribed Image Text:O Test the significance of the coefficient of PB. Use a 10% significance level.
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