The best way to interpret polynomial regressions is to
A) take a derivative of Y with respect to the relevant X.
B) plot the estimated regression function and to calculate the estimated effect on Y associated with a change in X for one or more values of X.
C) look at the t-statistics for the relevant coefficients.
D) analyze the standard error of estimated effect.
Answer: B
You might also like to view...
Refer to Figure 16-3. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?
A) a decrease in interest rates B) an increase in the money supply C) a decrease in income taxes D) a decrease in government purchases
The value added method to measure GDP does not avoid double counting
a. True b. False Indicate whether the statement is true or false
The budget deficits of the 1980s and early 1990s differ from others in the post-World War II era in that they were
A. a result of the Fed rather than a change in fiscal policy. B. temporary rather than structural, and pose no threat to the economy. C. not contracted to fight a war or end a recession. D. contracted as part of a program to plan the economy.
What is the difference between demand and quantity demand?
A. Quantity demand is the directly related to a change in price. B. Quantity demand is a number while demand is the whole curve. C. Demand is inversely related to a change in price. D. Demand is a number while quantity demanded is the whole curve.