2. A researcher has a hypothesis that the production of the industrial or non-agricultural sector (Q) is influenced by t

[answerhappygod]

2 A Researcher Has A Hypothesis That The Production Of The Industrial Or Non Agricultural Sector Q Is Influenced By T 1 (57.13 KiB) Viewed 78 times

2. A researcher has a hypothesis that the production of the industrial or non-agricultural sector (Q) is influenced by the amount of capital (K), labor (L), and imported raw materials (M) used. Based on periodic data for the last 40 years, the estimated regression model is obtained below. The number in brackets is the p-value of the t-test statistic that is used to test whether each factor has a significant effect. In addition, it can also be seen from the value of Rand the Durbin-Watson statistics from the conjecture model. log Q=12.103+0.5284log K+0.9382log 4 +0.0691log M,+ E, (0.091) (0.064) (0.034) (0.597) Question: a. From the results of the regression analysis above, is the researcher's hypothesis supported by the alleged empirical model? Explain. b. Explain, if you face this problem, are you satisfied with the results of the alleged model? If you are not satisfied, what will you do to improve the model that describes what factors affect the production of the industrial sector.