This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you. Dependent Variable: In GDPCMethod: Least SquaresSample: 1971 2019Included observations: 49VariableCoefficientStd. Errort-StatisticProb.-41.029260.630461-65.078150.0000In PDEBT-0.2267270.020143-11.256120.0000In HCIn INFLATIONIn TRADE12.322950.16878373.010740.00000.0074500.0070641.0546370.2973-0.1589100.025013-6.3531020.0000R-squared0.996304 Mean dependent var9.884210Adjusted R-squared0.995968S.D. dependent var0.517926S.E. of regression0.032887 Akaike info criterion-3.895045Sum squared resid0.047588Schwarz criterion-3.702002Log likelihood100.4286 Hannan-Quinn criter,-3.821804F-statistic2965.294Durbin-Watson stat1.369546Prob(F-statistic)0.000000

The multiple regression model can help us to identify the linear relationship between one dependent…

Answered: This is an exercise. Based on the given…

This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you.

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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Question

This is an exercise. Based on the given photo, test the hypothesis that the model is VALID or WELL-SPECIFIED at the 1% significance level. Why? Please, ASAP. Thank you.

Dependent Variable: In GDPC
Method: Least Squares
Sample: 1971 2019
Included observations: 49
Variable
Coefficient
Std. Error
t-Statistic
Prob.
-41.02926
0.630461
-65.07815
0.0000
In PDEBT
-0.226727
0.020143
-11.25612
0.0000
In HC
In INFLATION
In TRADE
12.32295
0.168783
73.01074
0.0000
0.007450
0.007064
1.054637
0.2973
-0.158910
0.025013
-6.353102
0.0000
R-squared
0.996304 Mean dependent var
9.884210
Adjusted R-squared
0.995968
S.D. dependent var
0.517926
S.E. of regression
0.032887 Akaike info criterion
-3.895045
Sum squared resid
0.047588
Schwarz criterion
-3.702002
Log likelihood
100.4286 Hannan-Quinn criter,
-3.821804
F-statistic
2965.294
Durbin-Watson stat
1.369546
Prob(F-statistic)
0.000000

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