Fixing the issue in assumption of OLS step by step or one by one
Recent newsHi, I want to raise the issue related to know whether your OLS is ok or not.
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It turns out, learning with ChatGPT is a kind of fun thing. It speed up the learning process where you usually use with Google search. In Google search, the code usually already there and it's based on the experience of people who face the same issue.
But with chatGPT you are the owner of this learning process. You type what you want to know and you got the idea
For example when I want to learn what is multicollinearity. Here is how chatgpt answer it
Yes now I can focus on the meat of the research and no need to worry about how to get it
In MATLAB, you can convert a table to a double array using the table2
Multicollinearity is a statistical phenomenon that occurs when two or more predictor variables in a regression model are highly correlated with each other. In other words, they measure nearly the same underlying construct. This can create problems in the estimation of the regression coefficients, as well as in the interpretation of the results.
Multicollinearity can cause the following issues:
There are several methods for dealing with multicollinearity in regression models, including:
It's important to identify and address multicollinearity in your regression models to obtain accurate and reliable results.
There are several ways to check for multicollinearity in Stata:
Example:
corr var1 var2 var3 var4
Example:
regress var1 var2 var3 var4 vif
Example:
collin var1 var2 var3 var4, condition
These are just a few examples of the ways you can check for multicollinearity in Stata. The choice of method depends on the specific analysis you are conducting and the goals of your research.
Hi, I want to raise the issue related to know whether your OLS is ok or not.
read moreThe **45-degree line** in economics and geometry refers to a line where the values on the x-axis and y-axis are equal at every point. It typically has a slope of 1, meaning that for every unit increase along the horizontal axis (x), there is an equal unit increase along the vertical axis (y). Here are a couple of contexts where the 45-degree line is significant:
read moreThe **hyperinflation in Hungary** in the aftermath of World War II (1945–1946) is considered the worst case of hyperinflation in recorded history. The reasons behind this extreme economic event are numerous, involving a combination of war-related devastation, political instability, massive fiscal imbalances, and mismanagement of monetary policy. Here's an in-depth look at the primary causes:
read more**Neutrality of money** is a concept in economics that suggests changes in the **money supply** only affect **nominal variables** (like prices, wages, and exchange rates) and have **no effect on real variables** (like real GDP, employment, or real consumption) in the **long run**.
read moreDeflation in Japan, which has persisted over several decades since the early 1990s, is a complex economic phenomenon. It has been influenced by a combination of structural, demographic, monetary, and fiscal factors. Here are the key reasons why deflation occurred and persisted in Japan:
read moreHedging against inflation involves taking financial or investment actions designed to protect the purchasing power of money in the face of rising prices. Inflation erodes the value of currency over time, so investors seek assets or strategies that tend to increase in value or generate returns that outpace inflation. Below are several ways to hedge against inflation:
read moreThe **Phillips Curve** illustrates the relationship between inflation and unemployment, and how this relationship differs in the **short run** and the **long run**. Over time, economists have modified the original Phillips Curve framework to reflect more nuanced understandings of inflation and unemployment dynamics.
read moreDealing with inflation requires a combination of **fiscal and monetary policy** tools. Policymakers adjust these tools depending on the nature of inflation—whether it's **demand-pull** (inflation caused by excessive demand in the economy) or **cost-push** (inflation caused by rising production costs). Below are key approaches to controlling inflation through fiscal and monetary policy.
read moreCollaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without
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