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    Econometric

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    This document provides information for an econometrics assignment analyzing the relationship between household income and food expenditure. Students are asked to use summary statistics to estimate a regression equation showing how weekly household food expenditure in Malawi is influenced by weekly household income. They must then interpret the regression coefficients, estimate the error variance, give the coefficient of determination, and construct an ANOVA table with the F-value to analyze how increases in income may impact food spending.

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    Econometric

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    nkhonoelton0
    8 views2 pages
    This document provides information for an econometrics assignment analyzing the relationship between household income and food expenditure. Students are asked to use summary statistics to estimate a regression equation showing how weekly household food expenditure in Malawi is influenced by weekly household income. They must then interpret the regression coefficients, estimate the error variance, give the coefficient of determination, and construct an ANOVA table with the F-value to analyze how increases in income may impact food spending.

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    This document provides information for an econometrics assignment analyzing the relationship between household income and food expenditure. Students are asked to use summary statistics to estimate a regression equation showing how weekly household food expenditure in Malawi is influenced by weekly household income. They must then interpret the regression coefficients, estimate the error variance, give the coefficient of determination, and construct an ANOVA table with the F-value to analyze how increases in income may impact food spending.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views2 pages

    Econometric

    Uploaded by

    nkhonoelton0
    This document provides information for an econometrics assignment analyzing the relationship between household income and food expenditure. Students are asked to use summary statistics to estimate a regression equation showing how weekly household food expenditure in Malawi is influenced by weekly household income. They must then interpret the regression coefficients, estimate the error variance, give the coefficient of determination, and construct an ANOVA table with the F-value to analyze how increases in income may impact food spending.

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    ECONOMETRICS (AAE 316) – YEAR 3

    Assignment: Due: 26th March 15, 2024

    Email to: wmgomezulu@luanar.ac.mw

    1. Most supermarket managers would like to know if household expenditure on food would
    increase if incomes increase. Summary statistics are provided below for an econometric
    model that shows household food expenditure as a function of household income. The
    dependent variable is weekly household food expenditure in Malawi Kwacha (MK), and
    the explanatory variable is weekly household income. This is collected from a sample of
    forty households.

    Σx = 27720
    Σy = 5212.52
    Sxx = 1663663.02 Sxy = 198680.14
    Syy = 79532.55
    SSE = 55805.52

    a. Obtain the estimated regression equation. (4 marks)

    b. Interpret the estimated regression coefficients. (6 marks)

    c. Give the estimate of the error variance. (5 marks)

    d. Give the estimate of the coefficient of determination. (2 marks)

    e. Interpret the coefficient of determination. (3 marks)

    f. Construct an ANOVA Table including the F-value. (20 marks)

    **************************BONNE CHANCE *************************


    Some Formulas:

    OR

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