UMKC Economics Question – Description
There are three important requirements for this question. 1. The crucial part of this question is the explanations and list out every single symbols, formulas, algebra steps whether it is about the differentiation, the summation operator or anything as to explain to a primary school student who has not done this subject and know nothing about this topics. Which means I would need all the theories, step by step, and all the symbols in details. 2. The actual answers, the actuals answers must be incorporate with the explanations as shown as something in the screenshot sample where the explanations and the actual answers are combined together. 3. I will have many questions to follow afterward and the tutor must be very welcoming and have the right attitude to answer any concerns I have. The answers must be typed In a word document, with all the formulas or any algebra manipulation typed in the word document using the formula option. For example, the question starts with 1. List out all the necessary symbols, formulas, theories. 2. Explain what the 1 list out . 3. The answer with all the manipulation steps with the explanations of each manipulation and each algebra. 4. Enthusiastic attitude about any queries I am having. 5. Work in the long run if this one works out well. The two pdfs attached are one for the question part and the second one for the answer part with the third one with the answers and the explanations as the sample I am looking for. I look forward to work with the tutor in the long run for months if we work this question out well, thank you for your time.Hi there, please do look at the yellow highlighted in the pdf document as I do think those are the most important parts for me for which I have struggled the most, and please put the most emphasize in this part, please also look at the below questions
For part four in the first question, how does variation in the X not correlate with the u? This would reduce the bias when the first assumption of the oLS is being violated? What would happen when the other assumptions are violated as well?
How do you run the granger causality test?
2017 degree exam in the first question about the part three, do we need the coefficient of the interaction term to be equal to 0 for us to find out if it is linear in the explanatory variables, iii) why do we write the f-test formula in terms of the r-squared instead of the sum of the residuals squared?
Does the unrestricted model include the non-linear terms or it would only contain the linear explanatory variables, I thought the difference is only the interaction terms?
For the granger causality test, we would test out if the lags in the variable x would actually cause anything in the past lags of the Y? question 3) part three)
For the dickey fuller test, how do we know if we are using the alternative hypothesis, when we do use the alternative hypothesis, when do we know that we would need to be less than one or greater than one?
Do we need to know this AIC and BIC?
Are the omitted variables mean the same as the error term?
The answers are a general brief, please write much more than the explanations and provide the examples with respect to the textbook
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