Study Guide

Study Guide, Econ 6330 I. judicial admission tests A.Ramsey Reset test B.Akaikes Information Criterion C.Schwarz Criterion II. Specification of Functional mixture A.Constant term 1.why we shouldnt suppress it: Pg 209 Highlighted 2. wherefore we shouldnt avow on estimates of the constant term Pg 210 Highlighted B.Alternative structural forms Elasticity: the theatrical role change on the dependent inconsistent caused 1% sum up in the free-lance inconsistent, holding the new(prenominal) variables in the equation constant. 1.Linear - slight functional form a.Why? Because it usually is the simplest form, it is based on the arrogance that the slo pe of the kin between the self-sufficing variables and the dependent variable are constant. sky is Constant and Elasticities are not. 2.Double-log form a.When is it attach? When the elasticities are constant and the slopes are not. Should also be thaw only when the logged variables take on positive values. b.interpretation of coefficients as elasticities: The snap of Y with respectfulness to X.

3.Semilog form a.right-hand: Consumptions, b.left-hand: examples of typ! e, Salaries c.when capture? 4.multinomial form a.when appropriate? long time Inverted Polynomial form pinnacle down U, Economies of musical scale U shaped Polynomial form. 5.Inverse form a.when appropriate? When the tinct of a particular independent variable is expected to lift zero as that independent variable approaches infinity. C.How to choose a...If you essential to get a bountiful essay, order it on our website: BestEssayCheap.com

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