clean, precise, and concise Read these instructions carefully. Answer all the qu

Question

clean, precise, and concise Read these instructions carefully. Answer all the questions in order. Provide your answers in a manner. For full credit, show your work. No work, no credit. "Magic answers" with no work will not be graded. Part I: Multiple Choice (Worth 25 points). Select the option that best answers the question. 1. Consider the following theoretical models: Model 3: Y =xfs + What models can be linearized and estimated via OLS? a. b. c. d. e. Only model 1 Only model 2 Only model 3 Both model 1 and model 2 Both model 2 and model 3 A researcher wants to include a categorical variable for marital status: Married, Single, Divorced; and a categorical variable for ethnicity: White, Black, Hispanic. How many intercept dummy variables should be added in the model? 2. a. 2 b. 3 d. 5 e. It depends on what the reference category is 3. When we include an intecept dummy variable with two categories, we are a. b. c. d. e. changing the intercept of the estimated equation changing the slope of the estimated equation changing the reference category of the estimated equation adding one dummy variable to the estimated equation making the model nonlinear in the parameters Consider the following model:Y =+ ,K1 + 2X1 + 3X2HE. The marginal effect of X2 on Y is 4. a. B e. none of the above 5. If we swap the reference category in a model with an intercept dummy variable, say replacing the MALE dumm with the FEMALE dummy a. The R of the equation is unaffected b. The R2 of the equation changes in value c. The t-statistic of the dummy variable changes signs d. Both a. and c. are right e. Both b. and c. are right

Explanation / Answer

I will answer the first 5:

1. The correct answer is A.

2. The correct answer is C.

3. The correct answer is D.

4. The correct answer is D.

5. The correct answer is A.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.