Essay
Given: WHYt = 2.00 - 0.15 EXt + 0.70 WHYt-1 + et
(0.10) (0.35) (0.10) standard errors
R2 = .9 DW = 2.10 n = 26
A) What is the short run impact of EX on WHY
B) What is the long run impact of EX on WHY?
C) Does this regression suffer from serial correlation according to Durbin's h-test? Show the 5-step procedure.
Correct Answer:

Verified
A) -0.15
B) -.15/(1-.70) = -.5
C) 1)Ho: ...View Answer
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Correct Answer:
Verified
B) -.15/(1-.70) = -.5
C) 1)Ho: ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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