Question: V) Use p-values to say whether your parameter estimates are significant, individually and

also test the significance of the whole equation. For those that were significant, were the signs as expected? (8)

VI) Interpret o n e of the slopes (any one). (2) VII) Now run diagnostic tests to test for specification errors, multicollinearity and either

hetero or auto depending if the data set is cross section or time series data. (16)

VIII) If you did not include all the variables in your model in (IV), then perform a partial F test to determine whether the other variables should be included or not; if you did include all variables, then pick any 1 or 2 of the independent variables and see if it was worthwhile adding them to a model which did not contain them. (4)

IX) Of the models reported, which do you prefer? Why? (2)

X) Use your preferred model to estimate the cost of a full page ad for a magazine with circulation 925 000, 39% males amongst the readership, and median household income of $30000. (2)

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document