(3)Table 2 gives data for a random sample of twelve couples on the number of chi

Question

(3)Table 2 gives data for a random sample of twelve couples on the number of children they have XI and the number of children they had stated they wanted at the time of their marriage, X2 (a)Write an econometric model that relates the variables in both the general and specific forms. Briefly explain the importance of stating the model in its specific form. (b)What is your expectation about the sign of the slope coefficient? Briefly explain the motivation for this expectation. (c)Estimate the parameters of the model, present the results in standard form and interpret them. Table 2: Number of Children Had and Wanted. Couple 2 345 67 8 9 10 12 X2 Thank you for your time. Would appreciate if you could be online at 9am eastern time tomorrovw

Explanation / Answer

a)

x1 = a +b * x2

b)

the sign shoul be positive , if people wante to have more chilren, then it is expecte that they will have more children

c)

b = 1.1428

it means that if people who wanted to have one more kid will have have 1.14 kid more on average

SUMMARY OUTPUT Regression Statistics Multiple R 0.8229512 R Square 0.677248677 Adjusted R Square 0.644973545 Standard Error 0.933503386 Observations 12 ANOVA df SS MS F Significance F Regression 1 18.28571429 18.28571429 20.98360656 0.001009409 Residual 10 8.714285714 0.871428571 Total 11 27 Coefficients Standard Error t Stat P-value Lower 95% Intercept 0.214285714 0.567096676 0.377864522 0.713428026 -1.049284421 x2 1.142857143 0.249489274 4.580786675 0.001009409 0.586960398

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

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