Mathematics, 08.04.2020 21:18, CarQuestionl6367
In taking logarithms of output and consumption, a Federal Reserve economist Anne wrote: "For several reasons, taking logarithms of macroeconomic aggregates is a good idea. First, it makes the distributions much closer to the normal distribution, and hence tâ and Fâstatistics are better applicable. Second, a logâlog regression allows interpreting the regression coefficient as an elasticity, which is a very useful and intuitive concept in economics and allied disciplines. Even a regression where the dependent variable is in logarithms but the regressor is not provides interpretation in terms of growth rates. Third, and finally, first differences in logarithms is very close to growth rates, and this offers nice interpretation as well." Critically discuss the above statement.
Answers: 3
Mathematics, 22.06.2019 01:10, onlymyworld27
To find the inverse of a number a, one can use the equation f(c) = a-1/c=0 where c is the inverse of a use the secant method of finding roots of equations to find the inverse of a = 2.5 ,er = 0.001%
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Mathematics, 22.06.2019 03:00, sairaanwar67
For the following equations, find the ratio of a to b. be sure to show all of your work. a. 3a = 6b b. 15a = 5b
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Mathematics, 22.06.2019 03:00, lucypackham9
(: the two box-and- whisker plots below show the scores on a math exam for two classes. what 2 things do the interquartile range tell you about the two classes?
Answers: 2
In taking logarithms of output and consumption, a Federal Reserve economist Anne wrote: "For several...
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