INTRODUCTION TO ECONOMETRICS II
ECO 306
NOUN
70 rejectH
0
if |
(
)
|>
, do not reject if |
(
)
| Where |
(
)
| is the absolute value (numerical value, neglecting the sign) of t.
2.2.4.0 SUMMARY
In this unit, basic understanding of the properties of regression coefficients and hypotheses testing has been explained. As introductory step to understanding this unit, some knowledge areas like estimators, assumptions underlying CLRM and properties of OLS estimators were briefly discussed. These knowledge areas acquainted the students of what is expected to be known for better understanding of the different aspect of regression Coefficients, hypotheses testing and the assumptions associated with studying these topics in this unit.
2.2.5.0 CONCLUSION
Assumptions and basic knowledge areas needed for the students to be acquainted with the properties of regression coefficients and hypotheses testing have been introduced and discussed in this unit. Most especially, the respective Gauss-Markov conditions in the assumptions concerning disturbance term of regression analyses were discussed in a manner that the students would be able to properly understand. Also, formulation of null hypothesis and developing implications of a hypothesis were discussed as testing hypotheses relating to the regression coefficients.
2.2.6.0 TUTOR-MARKED ASSIGNMENT
1.) Where performance on a game of skill is measured numerically, the improvement that comes with practice is called a learning curve. This is especially obvious with some arcade-type games. The first time players try anew one they are likely to score very little. With more attempts, their scores should gradually improve as they become
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