Using Regression 3 results, is there evidence of international price discrimination? Is the estimated coefficient statistically and economically significant? Explain. Using Regression 3 results, interpret the estimated coefficient on PP. Is the estimated coefficient statistically and economically significant? Explain How does the fit of the regression change across the 3 regression models? What does it mean? P & GDPNGDPNCVNPPDPCIPCConstantObservationsDependent variable:Note:(1)P(2)(3)0.9231.664 1.434(0.169) (0.243) (0.214)-0.879 -0.595(0.249) (0.224)7.311(6.123)-15.629(6.933)-11.385(7.159)3232320.577 0.704R20.811Adjusted R20.563 0.684 0.775Residual Std. Error 22.972 19.544 16.486F Statistic40.936 34.501 22.34634.497 32.605 38.221(7.090) (6.310) (6.387)ΝΑ

The regression equation shows the relationship between the dependent and independent variables. It…

Answered: Using Regression 3 results, is there…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Using Regression 3 results, is there evidence of international price discrimination? Is the estimated coefficient statistically and economically significant? Explain.
Using Regression 3 results, interpret the estimated coefficient on PP. Is the estimated coefficient statistically and economically significant? Explain
How does the fit of the regression change across the 3 regression models? What does it mean?

P & GDPN
GDPN
CVN
PP
DPC
IPC
Constant
Observations
Dependent variable:
Note:
(1)
P
(2)
(3)
0.923
1.664 1.434
(0.169) (0.243) (0.214)
-0.879 -0.595
(0.249) (0.224)
7.311
(6.123)
-15.629
(6.933)
-11.385
(7.159)
32
32
32
0.577 0.704
R2
0.811
Adjusted R2
0.563 0.684 0.775
Residual Std. Error 22.972 19.544 16.486
F Statistic
40.936 34.501 22.346
34.497 32.605 38.221
(7.090) (6.310) (6.387)
ΝΑ

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