Are you able to derive the SSR from this information to run an F-test? (Part C)
3. Using the model below, test the null hypothesis that at the 10% level of
significance
P, 32.069+1.664GDPN, -0.8971CVN,
(6.3) (0.24)
(0.29) n-32
Where: P- price index of pharmaceuticals, GDPN- GDP per capita and CVN=
volume of per capita consumption.
a. What is the economic significance of the hypothesis of B₂> 0
b. Test the hypothesis that the intercept is equal to 20
c. Test the hypothesis that B₂+ B, 0
d. Test the hypothesis that B₂<0.
