Statistics Solutions

[All Steps] Now we are working on House Price Index (HPI) with Gross Domestic Product (GDP). We estimate following equation: HPI = a + b*GDPt + e Write

Question: Now we are working on House Price Index (HPI) with Gross Domestic Product (GDP). We estimate following equation:

HPI = a + b*GDPt + e

  1. Write the estimated equation and explain the economic meanings.
  2. Find TSS (Total Sum of Square), RSS (Regression Sum of Square), ESS (Error Sum of Square), R square, Correlation Coefficient between HPI and GDP.
  3. Perform a t test if GDP influences House Price.
  4. Calculate Durbin-Watson statistic and perform serial correlation test.

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in