Print out the regression and answer each of the following questions for the
regression run.
- Evaluate this result with respect to its economic meaning,
overall fit, and the signs and significance of the individual
coefficients.
- What econometric problems does this regression have?
Omitted variables should always be tackled before serial
correlation because of the possibility of impure serial
correlation.
- Which of the following statements comes closest to your
recommendation for further action to be taken in the estimation
of this equation?
- No specification changes are advisable (go
to the next section).
- No variable changes are advisable, but I am
concerned about heteroskedasticity or serial
correlation (go to the next section).
- I would like to add PRIBF to the equation
(go to question set 14).
- I would like to add PROPK to the equation
(go to question set 12).
- I would like to change to YDUSP from LYDUSP
(go to question set 2).