Test significance of the slope parameter (the parameter of the independent variable) at 5% significance level. Is it in line with the proposition?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Test significance of the slope parameter (the parameter of the independent variable) at 5% significance level. Is it in line with the proposition?

regresion model is
d+ B,X, + BzXg. + E
intirest Yate deperdevit
volud able
srere
X, : year
Ta: J Tudeponoleuct
vasijablis
Inflation ·
Xg :
1899
4.4
-2
19.36
4,7
1
2000
5.4
24.84
4-6
38.49
21.16
6.3
20001
5. 7
35. 91
1
4.8
4.6
22.08
ら。76
6-96
2003
2.9
3.3
३३-5
107.93
by least &quase
we get
Transcribed Image Text:regresion model is d+ B,X, + BzXg. + E intirest Yate deperdevit volud able srere X, : year Ta: J Tudeponoleuct vasijablis Inflation · Xg : 1899 4.4 -2 19.36 4,7 1 2000 5.4 24.84 4-6 38.49 21.16 6.3 20001 5. 7 35. 91 1 4.8 4.6 22.08 ら。76 6-96 2003 2.9 3.3 ३३-5 107.93 by least &quase we get
Expert Solution
steps

Step by step

Solved in 2 steps with 6 images

Blurred answer
Knowledge Booster
Regression Model
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education