BASIC ESTIMATION TECHNIQUES 15. In the nonlinear function Y aX\"Ze, the paramete
ID: 1169590 • Letter: B
Question
BASIC ESTIMATION TECHNIQUES
15. In the nonlinear function Y aX"Ze, the parameter c measures a. AY/AZ b. the percent change in Y for a 1 percent change in Z. C. the elasticity of Y with respect to Z. both a and c both b and c d. e. 16. In a multiple regression model, the coefficients on the independent variables measure a. the percent of the variation in the dependent variable explained by a change in that b the change in the dependent variable from a one-unit change in that independent c. the change in that independent variable from a one-unit change in the dependent d. the change in the dependent variable explained by the random error, all other independent variable, all other influences held constant. variable, all other influences held constant. variable, all other influences held constant. influences held constant.Explanation / Answer
Solution :
15) Answer C :
The parameter C measures elasticity of output with respect to input Z
16) Answer B
The coefficients on the independent variables represents the change in the dependent variables for a unit change in the independent variable.
17) e
18) b
R2 indicates the percentage of the variation in the dependent variable is explained by percentage change in independent variable .
19) When output is 40 units
C = a + bq+ cq2
C = 200 - 12Q +0.50 q2
C = 200 - 12X40 + 0.50 X 402
C = $ 520
20) when output is 20 units
C = a + bq+ cq2
C = 200 -12X20 + 0.50 X 202
C = $ 160 .
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