The following equation describes the median housing price in a community in terms of amount of pollution (nox for nitrous oxide) and the average number of rooms in houses in the community (rooms):
log(price) = B0 + B1 * log (nox) + B2 *rooms + u
(i) What are the probable signs of b1 and b2 ? What is the interpretation of b1 ? Explain.
(ii) Why might nox [or more precisely, log(nox)] and rooms be negatively correlated? If this is the case, does the simple regression of log(price) on log(nox) produce an up- ward or a downward biased estimator of b1 ?
Answers: 2
Business, 22.06.2019 04:30, divagothboi
How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )
Answers: 3
Business, 22.06.2019 21:40, cutierosie5136
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways
Answers: 2
Business, 22.06.2019 22:40, juicecarton
Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints. b. minimum usable capacity of a particular facility. c. sum of all the organization's inputs. d. average output that can be achieved under ideal conditions. e. maximum output of a system in a given period.
Answers: 1
The following equation describes the median housing price in a community in terms of amount of pollu...
History, 20.10.2019 07:30
Biology, 20.10.2019 07:30
Mathematics, 20.10.2019 07:30
Biology, 20.10.2019 07:30
History, 20.10.2019 07:30
English, 20.10.2019 07:30