Paragraph Styles cons/ 0158369 00413643.830.00000750580241681 d. (5 points) Find
ID: 1111996 • Letter: P
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Paragraph Styles cons/ 0158369 00413643.830.00000750580241681 d. (5 points) Find the Durbin-Watson statistic associated with the regression in 1(c). What is the value of the statistic, and what do you conclude from it? Durbin-Watsona-atASARSAs.wv,2, 47)= .8956412 I can conclude: fail to reject the nul1 hypothesis e. (10 points) Regress DLtexas on DLus using the Newey-West estimator. Copy and paste your regression output (8- or 9-point Courier New font) as your answer to this question. tiza variable:year, 1969 to 2016 delta: 1 year Number of EAw,2, sha 45) 47 Regression with Nevey-West standard errors maxirm 1ag: 3 148.22 0.0000 = Newey-West Ceet Std. ErrP9st Conf. Interval Hoea6425461052777612.17 -cons 5362465488457 0287162 .0029577 0158369 0639462.480.017 (5 points) Recall that 1n(x) is approximately equal to %AM 100-(x- )/x-1. Does a change in the growth rate ofpersonal income in the US have an impact on the growth rate of personal income in Texas? Answer based on your regression in 1(e) f. (5 points) If US personal income growth rises trom 4% to 5%, what does the regression in 1(e) predict will be the resulting change in Texas personal income growth? Explain. g.Explanation / Answer
f. Yes a change in the growth rate of personal income in US has a positive effect on the growth of personal income in Texas. For a one percentage growth in the US income there is a 0.64% growth in the income in Texas..
g. if the personal income growth rises from 4% to 5% that is by one percentage then the personal income in taxes grows by 0.64%.
DLtexas = 0.016 +0.64DLus
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