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 take shape A.Constant term 1.why we shouldnt suppress it: Pg 209 Highlighted 2. wherefore we shouldnt trust on estimates of the constant term Pg 210 Highlighted B.Alternative structural forms Elasticity: the dowry change on the dependent inconsistent caused 1% gain in the freelance uncertain, holding the new(prenominal) variables in the equation constant. 1.Linear - nonremittal functional form a.Why? Because it usually is the simplest form, it is based on the boldness that the slope of th e kin between the free-living variables and the dependent variable are constant. sky is Constant and Elasticities are not. 2.Double-log form a.When is it sequester? When the elasticities are constant and the slopes are not. Should also be exit only when the logged variables take on positive values. b.interpretation of coefficients as elasticities: The ginger snap of Y with respectfulness to X.

3.Semilog form a.right-hand: Consumptions, b.left-hand: examples of type! , Salaries c.when discriminate? 4.multinomial form a.when appropriate? long time Inverted Polynomial form upper side 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 honorable essay, order it on our website: BestEssayCheap.com

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