* OLS Model for GPDI * * Keywords: * regression, ols, private investment, GPDI, GDP, units * * Description: * We illustrate how to estimate Linear OLS Model for Gross Private Domestic * Investment (GPDI) and show that using different units of measurement * does not have a great effect on the estimates * * Author(s): * Skif Pankov * * Source: * Damodar N. Gujarati and Dawn C. Porter, Basic Econometrics - 5th Edition * McGraw-Hill International Edition, Chapter 6, Example 6.2 (page 156) * sample 1 16 * Read the datafile and name the variables read (data_6.2.shd) gdpim gdpm * Generating values of variables in billions genr gdpib =gdpim/1000 genr gdpb = gdpm/1000 *Running both regressions, starting with the regression in billions ols gdpib gdpb / rstat ols gdpim gdpm / rstat stop