2. Suppose you wish to estimate the following model: Y = B₁ + B₁X₁ + B₂W₁ +u, . You then decide to test for the presence of heteroscedasticty using the White's heteroscedasticity test. Specify the auxillary regression (as suggested by the White's test) you would use to test for the presence of heteroscedasticity [3 marks] 3. Consider the following equation for US per capita consumption of beef (standard errors in parentheses): B-330.3+49.11nY, -0.34PB, +0.33PP, t = (6.6) (-2.6) (2.7) R² = 0.87 d= 0.94 B₁ = The annual per capita pounds of beef consumed in the US in year t; InY,= The log of real per capita disposable income in the US in 1982 dollars in year t; PB₁ = Average annualized real wholesale price of beef in year t (in cents per pound); PP₁ = Average annualized real wholesale price of pork in year t (in cents per pound); a. What is the value of p; coefficient of autocovariance? [3 marks] b. Is there positive or negative autocorrelation in the above equation? Justify your answer. [2 marks]
Answers
Autocorrelation is said to be positive when a series has a tendency to follow its past behavior. In this case, since the R-squared value of the given equation is high (i.e., R² = 0.87), it indicates that the equation fits the data closely. In the given equation there is a positive autocorrelation.
The auxiliary regression (as suggested by the White's test) used to test for the presence of heteroscedasticity is given as follows:-
{σˆ²i} = δ0 + δ1X1i + δ2X2i + δ3X1²i + δ4X2²i + δ5 X1i X 2i where; X1i = the first OLS residual from the estimated model,X2i = the ith cross product residual from the estimated model, andσˆ²i = the squared residuals of the estimated model.
The given equation for US per capita consumption of beef is: B-330.3+ 49.11nY, -0.34PB, +0.33PP, t = (6.6) (-2.6) (2.7) R² = 0.87 d= 0.94. The value of p is not given in the given equation for US per capita consumption of beef. Therefore, we cannot calculate the coefficient of autocovariance.
The given equation has a positive autocorrelation. This means that the current value of beef consumption in the US is more likely to depend on the past values of the variable in the equation (i.e., InY, PB₁, and PP₁).
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Related Questions
what is the ftc recommendation regarding choice as it relates to personally identifiable information (pii)? group of answer choices require robust notice only before pii is collected. require firms to allow consumers to opt-out before pii is collected. make collection of pii illegal. require firms to have consumers affirmatively opt-in before pii is collected.
Answers
The FTC's recommendation regarding consumer choice in relation to personally identifiable information is to make it mandatory for businesses to obtain customers' affirmative consent before collecting (pii).
How are personally identifiable (PII) data protected?Store delicate personal data safely when not in use in a closed desk drawer, filing cabinet, or other secure container. When using sensitive PII, make sure to keep it in a secure location that is only accessible to those with a need to know. At all costs, sensitive PII must never be faxed.
Personal identity numbers include things like Social Security Numbers (SSN), Passport Numbers, Driver's License Numbers, Taxpayer Identity Numbers, Patient Identification Numbers, Financial Account Numbers, or Credit Card Numbers. For a personal address, provide a street address or email address. personal interaction
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inside of the Sun's orbit? Give your answer in scientific notation and in units of solar masses.
Answers
The Sun's orbit is about 25,000 light-years from the center of the Milky Way galaxy.
Therefore, anything located inside the Sun's orbit would be closer to the center of the galaxy than the Sun is.
In scientific notation and in units of solar masses, the mass of objects within the Sun's orbit would be less than 1 solar mass (1.0 x 10^0 M☉).
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Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits
Answers
The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)
Answers
Answer:
The correct answer is "$338.52".
Explanation:
The given values are:
Market price,
= $282.10
Earning per share,
= $9.10
Earning increased,
= 20%
As we know,
⇒ \(PE \ ratio=\frac{Market \ price}{Earning \ per \ share}\)
On substituting the given values, we get
⇒ \(=\frac{282.10}{9.10}\)
⇒ \(=31\)
Current year earnings,
= \(9.10\times 120 \ percent\)
= \(10.92 \ per \ share\)
Thus,
⇒ \(31=\frac{Market \ price}{10.92}\)
⇒ \(Market \ price = 31\times 10.92\)
⇒ \(=338.52\) ($)
Which one of the following would constitute a reward?
A) a person buying a car after seeing an ad about it
B) a person returning a lost item after seeing an ad about it
C) a seller accepting a bid for an item
D) a seller making an invitation for offers
Answers
Among the options provided, the one that constitutes a reward is option C) a seller accepting a bid for an item.
A reward can be defined as a positive outcome or benefit received by an individual or entity in response to their actions or behavior. In this case, when a seller accepts a bid for an item, it implies that the buyer's offer was successful and the seller agrees to sell the item at the agreed-upon price. This outcome serves as a reward for the buyer because they have successfully acquired the desired item through their bidding process.
Option A involves a person buying a car after seeing an ad, which represents a transaction or purchase but may not necessarily be viewed as a reward. Option B describes a person returning a lost item after seeing an ad, which represents a responsible and ethical action but does not directly imply a reward. Option D mentions a seller making an invitation for offers, which is a preliminary step in the selling process but does not guarantee a reward. Therefore, option C is the most fitting example of a reward among the given choices.
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which is not an apartment and therefore does not transfer to the new owner with a standard warranty deed
Answers
a. Trade fixtures are not an appurtenance and therefore does NOT pass with a standard warranty deed
Trade fixtures are movable items that a company tenant installs or fastens to leased premises in order to run their activities. Machinery, furnishings, and other objects used to conduct the tenant's business are examples of trade fixtures. These do not always go with the property when it is sold or transferred because they are thought of as the property of the business tenant. Subject to any clauses in the lease agreement, they often continue to be the tenant's property and may be removed at the conclusion of the lease term.
A normal warranty deed, on the other hand, is frequently used in the transfer of real estate and typically transfers to the new owner all rights and interests in the property. Trade fixtures would normally not be transferred with a typical warranty deed because they are regarded as personal property as opposed to real property.
Complete Question:
Which is NOT an appurtenance and therefore does NOT pass with a standard warranty deed?
Trade fixtures
Trees
Shrubs
Custom window blinds
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individuals in different segments should have ______ within the segment and ______ across the segments.
Answers
Answer:
similarities; differences Is correct answer
Explanation:
individuals in different segments should have similarities within the segment and differences across the segments.
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Ron was responsible for finding a good spot for the large office scanner. He found a suitable centralized spot so that the scanner wouldn’t be too far from anyone’s cubicle. It was in the corner of the room, right next to the window in a low-traffic area to ensure no employees would get distracted by it. He made sure that the supplies cabinet with extra toner was not too far from the scanner and that there were enough electrical outlets in the space to plug in the device. Ron was satisfied with the spot he chose, but his colleague Ned criticized it right away and told Ron that it wouldn’t work. Why was Ned correct?
A scanner cannot be placed in a corner because it needs to have at least three sides free.
Placing a scanner near a window can cause it to overheat.
A large office scanner needs to be placed in an entirely separate room from where the employees are working.
Ned was wrong—the spot Ron chose for the scanner was ideal.
Answers
Placing a scanner near a window can cause it to overheat.
Sorry if it wrong if it is!.
I don’t know anything
Some organizations may choose to have job applicants complete an application form created by the firm, instead of just allowing the employee to write his own. Give ONE (1) key reason why
the firm may prefer to have an application form completed.
Answers
Answer:
see below
Explanation:
Job applicants complete an application form created by the employer to gather relevant information from potential employees. One reason employers prefer Job application forms is to gather comprehensive and consistent data from all applicants. This facilitates a fair analysis of applicants' backgrounds.
Application letters and resumes may not have uniform data. The employer designs the application form to ensure they get all the data they require from all applicants. Again, resume's do not include important information such as names and contacts of immediate and past supervisors.
What two stitching techniques are used to prevent stretching of the edges of the seamlines?
Answers
A company has been complaining about costs and wants to increase the number of burgers its employees can wrap in an hour. You've already tested employees and don't really want to add another test because it affects your budget! The boss insists you add another assessment instrument to up the number of burgers wrapped per hour, so you start the test-review process first looking at:
Answers
Answer:
c. Face validity
Explanation:
Since in the question it is mentioned that the company complaints with respect to the cost, also dont want to add other tests that leads to an ncrease in budget
Also, it the other assessment instrument would be added so this scenario represents the face validity that deals in the study or not for particular measures
Therefore the correct option is c. Face validity
Shane is trying to become better active reader. He has spread his reading assignments over the course of a few days, reads when he is most alert, and only reads in place where he can concentrate. What else can he do to be a better active reader?
Answers
Answer: Annotate the text
Explanation:
The options include:
Rewrite what he reads.
Annotate the text.
Try to visualize the text in his head.
Read more pages per day.
Based in the information given, another thing that Shane can do to be a better active reader is for him to annotate the text.
Annotating the text simply means that he can highlight the texts or underlining the key information in the text. He can also write few notes by the margins to help him understand what he's reading better.
The demand for financial capital increases when _________________ increases
Answers
The demand for financial capital increases when investment opportunities increase.
This is because businesses need financial capital in order to make investments and expand their operations. As more investment opportunities become available, the demand for financial capital also increases. This is a basic principle of economics, as businesses need financial capital in order to grow and take advantage of new opportunities.
In addition, the availability of financial capital can also impact the level of investment opportunities in an economy. If financial capital is scarce, businesses may not be able to access the funds necessary to take advantage of profitable opportunities, which could limit economic growth
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When writing a check, you complete all of these steps except for _____.
signing the back of the check
writing the date
writing the amount in numbers
writing the amount in words
signing the front of the ch
Answers
Answer:
SIGNING THE BACK OF THE CHECK
What component of GDP would a consumer buying a new house affect?
O government spending
O net exports
investment
O consumer spending
Answers
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer:
consumer spending
This is because, consumer spending is the same as personal consumption expenditure
Nordstrom recently launched a new website, www.NordstromSilverScreen, which features fashion information and music videos. It also includes interactive features that allow you to dress a mannequin and play around in an interactive mixing room, where you can create your own music remix while mixing and matching outfits. Nordstrom Silverscreen is an example of :__________
Answers
Answer: Experience Gives Nordstrom Customers Interactive Video, Fashion, Music and remix of the song by mixing and matching clothes on a mannequin.
Explanation:
If+fixed+costs+are+$818,000+and+variable+costs+are+69%+of+sales,+the+break-even+point+in+sales+dollars+is:__________
Answers
The break-even point in sales dollars is approximately $1,186,377.39.
To calculate the break-even point, we need to determine the sales level at which total costs equal total revenue. Fixed costs are costs that do not change with the level of sales, and in this case, they are $818,000. Variable costs are costs that vary with the level of sales and are typically expressed as a percentage of sales. Here, variable costs are 69% of sales. Let's assume the break-even point in sales dollars is X. At the break-even point, the total costs (fixed costs + variable costs) equal the total revenue.
Total costs = Fixed costs + Variable costs
Total costs = $818,000 + 0.69X
Total revenue = X
Setting the total costs equal to the total revenue, we have:
$818,000 + 0.69X = X
Simplifying the equation, we can solve for X:
0.31X = $818,000
X ≈ $2,638,064.52
Therefore, the break-even point in sales dollars is approximately $1,186,377.39.
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Arnie worked for Evermore Life Insurance for many years and became their top-selling agent. However, while Arnie was out of the country enjoying his earnings, he forgot to send in his renewal for his life license and his license expired. In addition to Arnie’s license expiring, what else will happen to Arnie?
Answers
Answer:
Arnie appointment will expire
Explanation:
Based on the information given about Arnie, we were told that he work as a Life Insurance selling agent for so many years in which he later travelled out of the country while he forgot to send in his life license renewal making his license expired this means that since his license had expired due to failure of him to renew his licence, what will happen to Arnie is that his appointment with Evermore Life Insurance will well expire.
What kind of information do yo think you need to seek out as you formulate your recommendations for Marie?
Answers
As I formulate my recommendations for Marie, I need to seek out specific information that will help me understand her situation and needs.
This information will help me to develop a plan that is tailored to her specific needs and will enable her to live comfortably. Additionally, I need to gather information about her lifestyle, interests, and social support system. This will help me to identify areas where she may need additional support and develop a plan that addresses those needs. For example, if Marie is an active person who enjoys outdoor activities but is now unable to do so due to her health, I may recommend programs or resources that enable her to continue to pursue those activities in a modified way.
Overall, seeking out this information will enable me to provide Marie with comprehensive and effective recommendations that address her unique situation.
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Under what category of expense do manufacturing wages fall?
Answers
Answer:
Direct expenses
Explanation:
Manufacturing expenses are categorized into direct and indirect expenses.
Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.
Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.
A customer needs to attach a
A. credit report
to a customer authorization form
Answers
Periodic Inventory Accounting and Perpetual Inventory Accounting-are two different bookkeeping systems-are two different fairy tales
Answers
Periodic Inventory Accounting is a bookkeeping system used to record inventory transactions at the end of an accounting period. This system keeps track of the total number of units of inventory purchased and sold during the accounting period, and the cost of each transaction.
It does not track individual inventory items until the end of the period.
Perpetual Inventory Accounting is a more detailed bookkeeping system that records inventory transactions as they occur.
This system tracks the individual inventory items purchased and sold, as well as the cost associated with each transaction. It is useful for companies that need to keep a close eye on their inventory levels and costs.
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How many units must be sold to break-even if the sales price is $500 per unit, variable costs are $300 per unit and total fixed costs are $1,000
Answers
10 units must be sold to break-even if the sales price is $500 per unit, variable costs are $300 per unit and total fixed costs are $1,000.
What is sales?Sales are actions involving the sale of goods or the volume of items sold during a specified time frame. A sale also includes the provision of a service for a fee.In response to an acquisition, appropriation, request, or a direct connection with the customer at the point of sale, the seller or provider of the products or services completes a sale.What is cost?A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost. In this instance, money is the input used to obtain the item.Learn more about sales here:
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Angie and her daughter, ann, who are the only shareholders of bluebird corporation, each paid $200,000 four years ago for their shares in bluebird. Angie also owns 20% of the stock in redbird corporation. The redbird stock is worth $1,000,000, and angie's basis in the stock is $100,000. Angie dies in the current year leaving all of her property to her spouse, gary, but ann wants to be the sole shareholder of bluebird corporation. Bluebird has assets worth $8,000,000 (basis of $1,400,000) and e & p of $1 million. Angie’s estate is worth approximately $6 million. Angie had made gifts during her lifetime to ann. What are the tax issues for angie’s estate, ann, and bluebird?
Answers
Angie's Estate: The estate may face potential estate tax implications, but the unlimited marital deduction could allow the assets to pass to Gary tax-free. Ann: Ann desires full ownership of Bluebird Corporation and may need to negotiate with Gary or take legal action to acquire the desired shares, potentially involving family law and inheritance disputes.
The tax issues arising from Angie's estate, Ann, and Bluebird Corporation can be summarized as follows:
Angie's Estate: Upon Angie's death, her estate will face potential estate tax implications. The exact tax liability will depend on the value of Angie's estate, which is approximately $6 million. Estate taxes are levied on the transfer of assets from deceased individuals to their beneficiaries. However, since Angie leaves all her property to her spouse, Gary, the estate may qualify for the unlimited marital deduction, allowing the assets to pass to Gary tax-free. This deduction postpones the estate tax until Gary's death or any subsequent transfer of assets.
Ann: As the daughter of Angie, Ann stands to inherit a share of Angie's estate. However, Ann desires to become the sole shareholder of Bluebird Corporation. If Angie's estate plan does not grant Ann full ownership of Bluebird, she may need to negotiate with Gary or take legal action to acquire the shares she desires. This situation could potentially involve family law and inheritance disputes.
Bluebird Corporation: Bluebird Corporation has assets worth $8 million with a basis of $1.4 million. Upon Angie's death, Bluebird may face potential tax consequences, such as a stepped-up basis in the shares owned by Angie. This means that the basis of Angie's shares in Bluebird would be adjusted to their fair market value at the time of her death. This step-up in basis could reduce the potential capital gains tax liability for Bluebird if the shares are later sold.
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how much money does a therapyst make an hour/ and how much would they make in a year
Answers
a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.
Answer:
Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.
Please help............
Answers
Many homeowners and businesses are installing solar electric systems. Greater use of solar electric systems benefits the environment because it A depends on the greater use of fossil fuels B conserves nonrenewable resources C produces gases that cause global warming D reduces the need for the ozone shield
Answers
Which of the following statements is TRUE about ERP systems?
It appears to be an integrated database to the user.
It prohibits information silos from communicating with each other and sharing data.
It provides users with access to metadata files that describe the location of an organization's data.
It utilizes a centralized database.
Answers
The true statement about ERP systems is that they utilize a centralized database and provide users with access to metadata files.
Enterprise Resource Planning (ERP) systems are software applications that integrate various business functions and processes into a single system. They are designed to streamline operations, improve efficiency, and provide real-time visibility into an organization's data.
One of the key features of ERP systems is the use of a centralized database. This means that all the data from different departments and functions within an organization is stored in a single location. This allows for easy access and sharing of data, eliminating the need for separate databases and information silos.
Additionally, ERP systems provide users with access to metadata files. Metadata files describe the structure and location of an organization's data. They act as a roadmap, making it easier for users to navigate and retrieve the information they need.
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The TRUE statement about ERP systems is that they utilize a centralized database, enabling integration and real-time information sharing among different functions and departments within an organization.
Enterprise Resource Planning (ERP) systems are integrated software applications that help businesses manage and automate their core processes and operations. They provide a centralized and comprehensive platform for managing various functions such as finance, human resources, supply chain, manufacturing, and customer relationship management.
ERP systems typically include features like data storage, data analytics, workflow management, and reporting capabilities. By streamlining and integrating different business processes, ERP systems enable organizations to improve efficiency, enhance collaboration, and make more informed decisions based on real-time data.
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what is good about having a checking account?
Answers
Answer:
It allows you to deposit money that you can then draw against to pay bills or make purchases
Explanation:
A hotel manager has to select one of the following eligible candidates for the job position of front office manager. Which candidate is the manager most likely to choose?
A. Bertrice-employed at the hotel for six months, is a degree holder, and has good interpersonal skills
B. George-employed at the hotel for three years, has a high school diploma, and has a good personality
C. Juan-employed at the hotel for a year, is a degree holder, and is always optimistic
D Lara-employed at the hotel for four years, is a degree holder, and works well in a team
E. Maria-employed at the hotel for two years, has a gh school diploma, and has leadership skills
Answers
D
Lara has the most experience at the hotel, she works well with teams. she'd be best at leading