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## Economics

 Basic Economics Macroeconomics Microeconomics Business Economics Econometrics International Economics Managerial Economics Game Theory Public Economics

Q. Assume MTSU is attempting to conclude what factors drive its demand for MBA student credit hours (dependent variable). Information is available on following independent variables:

P (tuition per credit hour in dollars), A (average age of students in years), I (average income of students in \$1000), C (commuting distance to campus in miles). A regression is calculated with following output.
Coefficient
Variable Value t-value
Intercept +5,000 2.10
P -30 2.30
I +400 2.05
A +75 3.50
C - 50 1.99

(a) Write estimated demand equation.

(b) If P = 400, A=35, I=50 and C=60-Illustrate what is value of dependent variable?

(c) Consider this a first crude regression effort. Comment on where all se variables should remain in estimation and describe two or independent variables you think would make sense to include-defining units of measurement and specifying why se variables are important.

• Reference No.:- M9292930

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