计量经济学 第六章 Chapter 6 Multiple Linear Regression.pptVIP

Chapter 6 Multiple Linear Regression Xi’An Institute of Post Telecommunication Dept of Economic Management Prof. Long * * Two Explanatory Variables yt = b1 + b2xt2 + b3xt3 + et ?yt ?xt2 = b2 ?xt3 ?yt = b3 xt‘s affect yt separately But least squares estimation of b2 now depends upon both xt2 and xt3 . 6.1 Correlated Variables yt = output xt2 = capital xt3 = labor Always 5 workers per machine. If number of workers per machine is never varied, it becomes impossible to tell if the machines or the workers are responsible for changes in output. yt = b1 + b2xt2 + b3xt3 + et 6.2 The