Answer to Question #180378 in Macroeconomics for Fatoye Beatrice

Question

btain annual data on Gross Domestic Product (GDP), Consumer Price Index (Inflation) and Nominal Exchange Rate from 2010 to 2019 form the Central Bank of Nigeria Statistical Bulletin or World Development Indicators (WDI) data bank published by the World Bank. (Hint: Let GDP = Y,  Inflation = X1 and Nominal Interest Rate = X2;

Students are required to:

1. state the multiple regression equation.
2. determine the intercept and the coefficients of the OLS
3. estimate the Coefficient of determination (R2)
4. run significance test of regression coefficients using the following test methods 

A)    The standard error test

B)    The students’ t-test

1. Interpret the results.

Answer 1

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