Note: The data were collected by Gary R. Smith from sources such as American Metal Market, Metals Week, and U.S. Department of Commerce publications.

C = 12-month average U.S. domestic price of copper (cents per pound) G = annual gross national product ($, billions)

I = 12-month average index of industrial production L = 12-month average London Metal Exchange price of copper (pounds sterling) H = number of housing starts per year (thousands of units) A = 12-month average price of aluminum (cents per pound)

c. If so, estimate p by the i. Theil-Nagar method ii. Durbin two-step procedure iii. Cochrane-Orcutt method d. Use the Theil-Nagar method to transform the data and run the regression on the transformed data.

e. Does the regression estimated in d exhibit autocorrelation? If so, how would you get rid of it?

12.28. Refer to exercise 12.26 and the data given in Table 12.7. If the results of this exercise show serial correlation,


Y, personal consumption expenditure, billions of 1958 dollars

X, time

Y,estimated Y*

รถ, residuals

Was this article helpful?

0 0
Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

Get My Free Ebook

Post a comment