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Suppose an Economist Has Developed a Model for Forecasting Annual

question 20

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Suppose an economist has developed a model for forecasting annual consumption,yt,as function of total labor income,x1t,and total property income,x2t based on 20 years on annual data.The following regression model has been developed: Suppose an economist has developed a model for forecasting annual consumption,y<sub>t</sub>,as function of total labor income,x<sub>1</sub><sub>t</sub>,and total property income,x<sub>2</sub><sub>t</sub> based on 20 years on annual data.The following regression model has been developed:   <sub>t</sub>= 7.81 + 0.91x<sub>1</sub><sub>t </sub>+ 0.57x<sub>2</sub><sub>t</sub> with the standard error = 1.29 and the Durbin-Watson d statistic = 2.09.Using an alpha = .05,which of the following is the correct critical value for testing whether the residuals are autocorrelated? A) 1.20 and 1.41 B) 1.10 and 1.54 C) 1.08 and 1.53 D) Can't be determined without seeing the residuals. t= 7.81 + 0.91x1t + 0.57x2t with the standard error = 1.29 and the Durbin-Watson d statistic = 2.09.Using an alpha = .05,which of the following is the correct critical value for testing whether the residuals are autocorrelated?


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Embryonic Period

The period that extends from the time the organism becomes attached to the uterus until the end of the 8th week of pregnancy, when all the major organs have taken primitive shape.

Cell's Environment

The surrounding conditions and factors that interact with and influence a cell's function and survival.

Genes

The segments on a DNA molecule that act as hereditary blueprints for the organism’s development.

Umbilical Cord

A flexible helical structure containing blood vessels that connects the developing organism to the placenta.

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