Part 2 In a linear regression equitation of the form In Y.-M +1nLabihCaptu, (whe

Question

Part 2 In a linear regression equitation of the form In Y.-M +1nLabihCaptu, (where Lab is labor input and Cap is capital input) the slope parameter Bi shows 1. b. the percentage change in Y for a 1 percentage change in Lab c. the elasticity of Y with respect to Lab d. the elasticity of Lab with respect to Y e. ALab/AY 2. In a linear regression equation of the form Y-a + px + u, the intercept parameter shows a. the amount that Y changes when X changes by one unit b. the amount that X changes when Y changes by one unit c. the value of Y when X is zero d. the value of X when Y is zero 3. In a linear regression equitation of the form Y-axe, the slope parameter shows b. the percentage change in Y for a 1 percentage change in X c. the elasticity of Y with respect toX d. the elasticity of X with respect to Y e. AX/AY To test the null hypothesis that the value of a particular regression parameter is zero, one uses a. the F-statistic. b. the t-statistic c. R2-statistic d. the standard error statistic 4. 5. To test whether the overall regression model is significant, one uses a. b. c. d. the F-statistic. the t-statistic R2-statistic the standard error statistic

Explanation / Answer

1) Correct answer is C. Elasticity of Y with respect to Lab

2) alpha shows the value of Y when X is 0. Hence,C is the answer.

3) THis is same as first question . Hence, C is the correct answer

4) F-stastic is the correct answer

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