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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 3
Use the data in CHARITY.RAW [obtained from Franses and Paap (2001)] to answer the following questions:
(i) What is the average gift in the sample of 4,268 people (in Dutch guilders) What percentage of people gave no gift
(ii) What is the average mailings per year What are the minimum and maximum values
(iii) Estimate the model![Use the data in CHARITY.RAW [obtained from Franses and Paap (2001)] to answer the following questions: (i) What is the average gift in the sample of 4,268 people (in Dutch guilders) What percentage of people gave no gift (ii) What is the average mailings per year What are the minimum and maximum values (iii) Estimate the model by OLS and report the results in the usual way, including the sample size and ^-squared. (iv) Interpret the slope coefficient. If each mailing costs one guilder, is the charity expected to make a net gain on each mailing Does this mean the charity makes a net gain on every mailing Explain. (v) What is the smallest predicted charitable contribution in the sample Using this simple regression analysis, can you ever predict zero for gift](https://d2lvgg3v3hfg70.cloudfront.net/SM2712/11eb9ee2_f06a_072e_8edd_4bc100bde231_SM2712_11.jpg)
by OLS and report the results in the usual way, including the sample size and ^-squared.
(iv) Interpret the slope coefficient. If each mailing costs one guilder, is the charity expected to make a net gain on each mailing Does this mean the charity makes a net gain on every mailing Explain.
(v) What is the smallest predicted charitable contribution in the sample Using this simple regression analysis, can you ever predict zero for gift
(i) What is the average gift in the sample of 4,268 people (in Dutch guilders) What percentage of people gave no gift
(ii) What is the average mailings per year What are the minimum and maximum values
(iii) Estimate the model
by OLS and report the results in the usual way, including the sample size and ^-squared.
(iv) Interpret the slope coefficient. If each mailing costs one guilder, is the charity expected to make a net gain on each mailing Does this mean the charity makes a net gain on every mailing Explain.
(v) What is the smallest predicted charitable contribution in the sample Using this simple regression analysis, can you ever predict zero for gift
Explanation
Verified
Verified
(i)
The average gift is about 7.44 Dutch...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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