Explain in detail and present about selected topics in regression.
Should know how to :
. apply OLS on the model and assess the regression results. Comment on the signs
and significance of the coefficients and also the goodness of fit of the model.
. Interpret the residual plot and comment on the adequacy of the model.
. Perform a restricted F test to determine the two explanatory variables, interest rate and price level
. Interpret the regression results to answer questions
. Use Data to discuss is consequences