Answer to Question #223626 in Economics for jordan

Question

2. Briefly explain the following concepts: (9 marks) (a) Consistency of the slope parameter in a simple regression when all assumptions hold. Show mathematically. (b) The t-statics in making inferences as compared to the use of the p-values. (c) Mathematically explain the interpretation of the log-levels and levels-log regression functions.

Answer 1

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