The table below show the growth rates of GDP and employment or 25 OECD countries for the period 1988-97. Countries Employment GDP Countries Employment GDP Australia 1.68 3.04 Korea 2.57 7.73 Austria 0.65 2.55 Luxembourg 3.02 5.64 Belgium 0.34 2.16 Netherlands 1.88 2.86 Canada 1.17 2.03 New Zealand 0.91 2.01 Denmark 0.02 2.02 Norway 0.36 2.98 Finland -1.06 1.78 Portugal 0.33 2.79 France 0.28 2.08 Spain 0.89 2.6 Germany 0.08 2.71 Sweden -0.94 1.17 Greece 0.87 2.08 Switxwerland 0.79 1.15 Iceland -0.13 1.54 Turkey 2.02 4.18 Ireland 2.16 6.4 UK 0.66 1.97 Italy -0.3 1.68 US 1.53 2.46 Japan 1.06 2.81 Draw a scatter plot for these two variables and interpret it. Use Excel to draw the scatter plot and copy and paste the graph into your answer). Assuming a linear relationship, obtain OLS estimators. Use Excel to estimate and copy and paste the result table into your answers and state clearly the values of the two estimators. ( Evaluate the constructed OLS using the result from the Excel above. Clearly state and interpret the value of each measure you use in your evaluation.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Problem 3
The table below show the growth rates of GDP and employment or 25 OECD countries for the period 1988-97.
|
Countries |
Employment |
GDP |
Countries |
Employment |
GDP |
|
|
Australia |
1.68 |
3.04 |
Korea |
2.57 |
7.73 |
|
|
Austria |
0.65 |
2.55 |
Luxembourg |
3.02 |
5.64 |
|
|
Belgium |
0.34 |
2.16 |
Netherlands |
1.88 |
2.86 |
|
|
Canada |
1.17 |
2.03 |
New Zealand |
0.91 |
2.01 |
|
|
Denmark |
0.02 |
2.02 |
Norway |
0.36 |
2.98 |
|
|
Finland |
-1.06 |
1.78 |
Portugal |
0.33 |
2.79 |
|
|
France |
0.28 |
2.08 |
Spain |
0.89 |
2.6 |
|
|
Germany |
0.08 |
2.71 |
Sweden |
-0.94 |
1.17 |
|
|
Greece |
0.87 |
2.08 |
Switxwerland |
0.79 |
1.15 |
|
|
Iceland |
-0.13 |
1.54 |
Turkey |
2.02 |
4.18 |
|
|
Ireland |
2.16 |
6.4 |
UK |
0.66 |
1.97 |
|
|
Italy |
-0.3 |
1.68 |
US |
1.53 |
2.46 |
|
|
Japan |
1.06 |
2.81 |
- Draw a
scatter plot for these two variables and interpret it. Use Excel to draw the scatter plot and copy and paste the graph into your answer). - Assuming a linear relationship, obtain OLS estimators. Use Excel to estimate and copy and paste the result table into your answers and state clearly the values of the two estimators. (
- Evaluate the constructed OLS using the result from the Excel above. Clearly state and interpret the value of each measure you use in your evaluation.
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