Download presentation

Presentation is loading. Please wait.

Published byAndrew Kane Modified over 3 years ago

1
Reporting Results, and choosing a functional form. Hill et al chapter 6.

2
Explained and Unexplained Variation Total Explained Unexplained

3
Decomposing the variation link to proof

4
Coefficient of determination

5
Example

6
Reporting Results

7
Choosing a functional form Model has been assumed to be linear in the parameters. Linear in parameters: parameters are not multiplied together, raised to a power etc. variables, however, can be transformed in any convenient way, as long as the resulting model satisfies assumptions SR1- SR5 of the simple linear regression model.

8
A functional form for food expenditure It is expected that food expenditure will rise at a decreasing rate with income

9
Some common functional forms

10
Empirical issues

11
An alternative functional form

12
Are the residuals normal (Jarque- Bera)

13
Appendix: proof back

Similar presentations

OK

Heteroskedasticity Hill et al Chapter 11. Predicting food expenditure Are we likely to be better at predicting food expenditure at: –low incomes; –high.

Heteroskedasticity Hill et al Chapter 11. Predicting food expenditure Are we likely to be better at predicting food expenditure at: –low incomes; –high.

© 2017 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Ppt on coca cola company in india Ppt on input and output devices of computer download Ppt on human resource recruitment Ppt on cse related topics about work Ppt on aircraft landing gear system information Ppt on rc coupled amplifier design Ppt on google glasses Ppt on model view controller explained Ppt on endangered species of flora and fauna in india Ppt on conference call etiquette