Econometric 322 Lab \#5 Rutgers University - ECONOMICS 220:322IshanPatel _177006082_ Lab _ 5.

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IshanPatel _177006082_ Lab _ 5 11/8/19, 3(17 PM http://localhost:8888/nbconvert/html/Notebook/IshanPatel%20_177006082_%20Lab%20_%205.ipynb?download=false Page 1 of 13 Taught by: Prof. Paczkowski:... Email: [email protected] (mailto:[email protected]) Collaboration Policy 1. Study groups are allowed but I expect students to understand and comple te their own assignments and to hand in one assignment per student. 2. If you worked in a group, please put the names of your study group in t he following table. 3. Just like all other classes at Rutgers, the student Honor Code is taken seriously. The submitted assignment must be your work. Ishan Patel IntroductionIshanPatel _177006082_ Lab _ 5 11/8/19, 3(17 PM http://localhost:8888/nbconvert/html/Notebook/IshanPatel%20_177006082_%20Lab%20_%205.ipynb?download=false Page 2 of 13 Purpose The purpose of this lab is to introduce you to the application of the OLS methodology to an actual problem. At the end of this lab, you will be able to: 1. specify a linear model for a problem; 2. estimate a linear model in Statsmodel; 3. interpret key statistics; 4. identify shortcomings in the proposed linear model; 5. summarize the regression output; 6. estimate elasticities and judge their reasonableness; 7. build a model portfolio [Show More]

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