i) Interpret the F-statistic and the P-value for variable R in this model.

ii) Which of the estimated coefficients are individually statistically

significant at the 5 percent level? Give reason(s)
iii) Is there serial correlation (autocorrelation) in the above regression
model? How do you know?
iv) Briefly explain how you would test for the assumption of normality of the
error term after obtaining the above results.
v) In developing the above empirical model, the researcher believes that
one or more specification errors have been committed. List down any
four (4) possible specification errors that are likely to be committed in
the model.

NOTE:

1. Do question 3, 4, 8 and 15 in groups of FIVE students and submit

to me. This shall carry 10% of your assessment.