Which is NOT a benefit of using cross-validation for model induction evaluation? O It provides an estimate of generalization performance O It provides statistics on estimated performance, so that we can understand how performance will vary across data sets O It's always quick to compute relative to other holdout methods
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- After interviewing WWII concentration camp survivors, a researcher submits the interview transcripts to frequency counts for mentions of religious faith. A quantitative analysis is run on the resulting frequency counts. This might be considered: O within-stage quantitative model O across-stage quantitative model within-stage mixed model not enough information to determine O across-stage mixed modelA student prepared the following spreadsheet model to calculate the final price of clothing items which are sold at a discount. To be complete, the student included a calculation of sales tax in the final price, given the original price (180), discount (0.2), and sales tax rate (0.09) shown below. A B 1 2 Original Price 180 3 Discount(%) 0.2 4 Discount ($) = B2 × B3 5 Net Price = B2 − B4 6 Sales Tax(%) 0.09 7 Sales Tax($) = ROUND(B5 × B6,2) 8 Final Price = ROUND(B5 + B7,2) Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.)The Results below show the output of the following model: ?=?0+?1?1+?2?2+? Coefficient St. Error t-ratio Intercept 10.492 0.6655 15.77 ?1 0.0154 0.1889 0.08 ?2 0.1353 0.1889 0.72 Observations 100 ?2 0.985 Correlation matrix: X1 X2 X1 1 X2 0.950 1 Instructions: a. The above results show that the model has the problem of multicollinearity, what are the indicators of multicollinearity that can be identified from these results? b. What are the solutions to rectify multicollinearity?
- Determine which model is to selected.... Without plagiarismThis question is intended to have a written response given. The writtenresponse should be 2-3 paragraphs maximum and focused on answer the specific questions of interest using the tools/concepts from lecture/tutorials. You may include agraph to support your argument/ideas, but this is not required (note: I would recommend you sketch a graph when thinking about how to answer this question, thoughthat does not need to be submitted). Leung and Seo wrote an article “How do government transfer payments affect retail prices and welfare? Evidence from SNAP” (Jan,2023) in the Journal of Public Economics. To answer this question, you do not need togo read the paper. I would in fact recommend against it as the paper is very technicaland assumes a knowledge of statistics that most students taking Econ 201 will nothave (some of the ideas will be discussed in Econ 233 and Econ 333). We will use theinformation/main ideas as a starting framework.In the United States, one of the largest welfare…Final Scores Did not Attend Sections Attended Sections 75 Raghav Absent Raghav Present 85 80 86 After really poor attendance in the final few sections, Raghav has been throw into a deep existential nightmare. He doubts the very validity of his existence and wonders if at all he can be an effective teacher. The above table gives the observable scores of students in the final exam of those who attended and did not attend section, and hypothetical scores in case students turned up for sections but Raghav was absent. Question 7 Is Raghav really effective as a teacher? Should he continue his professorial aspirations? What is his true effect? (Provide a numerical answer given the above table)
- (a) Tell what each of the residual plots to the right indicates about the appropriateness of the linear model that was fit to the data. X-values (a) Choose the best answer for residuals plot (a). O A. The curved pattern in the residuals plot indicates that the linear model is not appropriate. The relationship is not linear. O B. The fanned pattern indicates that the linear model is not appropriate. The model's predicting power decreases as the values of the explanatory variable increases. O C. The scattered residuals plot indicates an appropriate linear model. (b) Choose the best answer for residuals plot (b). O A. The curved pattern in the residuals plot indicates that the linear model is not appropriate. The relationship is not linear. O B. The scattered residuals plot indicates an appropriate linear model. O C. The fanned pattern indicates that the linear model is not appropriate. The model's predicting power increases as the values of the explanatory variable increases. (c) Choose…Could you please help with the following question with the necessary methods and explanations that will enable me to apply it to a different question/function? The Question asks whether the statement is true or false and to provide support for the answer in either case.4. The estimation of the model with quarterly car sales in the U.S. from 1975 to 1990 gives: Source | df MS Number of obs = 64 F( 2, Prob > F 61) = 12.21 Model .32720224 2 .16360112 0.0000 Residual | .817286587 61 .013398141 R-squared Adj R-squared = 0.2625 Root MSE 0.2859 Total | 1.14448883 63 .018166489 .11575 lqne | cCoef. t P>|t| std. Err. [95% Conf. Interval] 1price lincome -.4604611 3.37186 6.89398 -.8280926 .1838504 -4.50 0.000 -1.195724 2.399991 . 4860261 4.94 0.000 1.428121 _cons 5.92543 .4843662 12.23 0.000 4.95688 Based on the parameter estimates, what is the predicted effect of a 10% increase in price on the number of cars sold? What would be the effect of that price increase on the value of car sales?
- A large company in the communication and publishing industry hs quantified the relationship between the price of one of its products and the demand for this product as Price = 160 -0.01 xDemand for an annual printing of this particular product. The foxed costs per year (ie. per printing) = $4T 000 and the variable cost per unit = $35. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 7,000 units per year. The maximum profit that can be achieved is S. (Round to the nearest dolar.) The unit price at the point of optimal demand is S per unit (Round to the nearest cent)Please type out the correct answer ASAP with proper explanation of why true n why false within 40 50 minutes. Will give you thumbs up only for the correct answer. Thank you .... Suppose we estimate a regression model that is linear in the parameters, the sample is obtained through random sampling, is no perfect collinearity, the errors have zero conditional mean and are homoskedastic, and the sample size is large. Even under these conditions, the OLS estimators of the parameters are not normally distributed, even approximately, if the regression errors are not normally distributed. A. True B. FalseRucklehouse Public Relations has been contracted to do a survey following an election primary in New Hampshire. The firm must assigninterviewers to conduct the survey by telephone or in person. One person can conduct 80 telephone interviews or 40 personal interviews in asingle day. The following criteria have been established by the firm to ensure a representative survey:At least 3,000 interviews must be conducted.At least 1,000 interviews must be by telephone.At least 800 interviews must be personal.An interviewer conducts only one type of interview each day. The cost is $50 per day for a telephone interviewer and $70 per day for a personalinterviewer. The firm wants to know the minimum number of interviewers to hire in order to minimize the total cost of the survey Identify the sensitivity ranges for the cost of a personal interview and the number of total interviews required.