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ECO 204 - Assignment II - Spring24

This document outlines an assignment for an econometrics course. It includes 5 questions related to regression analysis, prediction, and goodness of fit using econometric models. Students are asked to analyze relationships between variables, develop regression equations, make predictions, and interpret results.

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Sayeeda Jahan
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40 views2 pages

ECO 204 - Assignment II - Spring24

This document outlines an assignment for an econometrics course. It includes 5 questions related to regression analysis, prediction, and goodness of fit using econometric models. Students are asked to analyze relationships between variables, develop regression equations, make predictions, and interpret results.

Uploaded by

Sayeeda Jahan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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East West University

Department of Economics
ECO 204; Spring’ 2024
Assignment II - (Lab)
Instructor: Sayeeda Jahan

Total marks: 50

1. Given are five observations for two variables, x and y.

a. Develop a scatter diagram for these data.


b. What does the scatter diagram developed in part (a) indicate about the relationship
between the two variables? Try to approximate the relationship between x and y by
drawing a straight line through the data.
c. Develop the estimated regression equation by computing the values of b0 and b1 using
equations (14.6) and (14.7).
d. Use the estimated regression equation to predict the value of y when x = 10.
e. Compute SSE, SST, and SSR.
f. Compute the coefficient of determination r2. Comment on the goodness of fit.
g. Compute the sample correlation coefficient.

2. Given are five observations for two variables, x and y.

a. Compute the mean square error using equation (14.15).


b. Compute the standard error of the estimate using equation (14.16).
c. Compute the estimated standard deviation of b1 using equation (14.18).
d. Use the t test to test the following hypotheses (α = .05):

e. Use the F test to test the hypotheses in part (d) at a .05 level of significance. Present the
results in the analysis of variance table format. What is your conclusion?

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3. Consider the following data for a dependent variable y and two independent variables, x1
and x2.

a. Develop an estimated regression equation relating y to x1. Predict y if x1 = 45.


b. Develop an estimated regression equation relating y to x2. Predict y if x2 = 15.
c. Develop an estimated regression equation relating y to x1 and x2. Predict y if x1 = 45 and
x2 = 15.

4. In a regression analysis involving 30 observations, the following estimated regression


equation was obtained.

a. Interpret b1, b2, b3, and b4 in this estimated regression equation.


b. Predict y when x1 = 10, x2 = 5, x3 = 1, and x4 = 2.
The values of SST and SSR are 1805 and 1760, respectively.
c. Compute R2.
d. Compute 𝑅𝑎2 .
e. Comment on the goodness of fit.

5. Chapter 16:
Problem 1: Exercise 1 (Page# 768)
Problem 2: Exercise 10 (Page# 775)

*N.B: There will be no late submission.

(All the best!)

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