Question repeat exercise for the model given in eq and, Ask an Expert

Economics

Question: Repeat Exercise for the model given in Eq. and comment on the results.

Exercise: Reestimate regression by adding time, t, as an additional regressor, t taking values of 1, 2, ... , 54. t is known as the trend variable.

(a) Compare the results of this regression with those given in Table. Is there a difference between the two sets of results?

(b) If the coefficient of the trend variable is statistically significant, what does it connote?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92289149

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