Thread: cubic equation

You are planning to estimate a short-run production function for your firm, and you have collected the following data on labor usage and output:

Labor usage Output

3 1
7 2
8 3
11 5
17 8
17 10
20 15
24 18
25 22
28 21
29 23

Does a cubic equation appear to be a suitable specification given these data? You may wish to construct a scatter diagram to help you answer this question.


(I didn't really know where to put this question)

http://studentoffortune.com/cgi/getf...orecasting.doc

Originally Posted by ladiegimmick

You are planning to estimate a short-run production function for your firm, and you have collected the following data on labor usage and output:

Labor usage Output

3 1
7 2
8 3
11 5
17 8
17 10
20 15
24 18
25 22
28 21
29 23

Does a cubic equation appear to be a suitable specification given these data? You may wish to construct a scatter diagram to help you answer this question.


(I didn't really know where to put this question)

http://studentoffortune.com/cgi/getf...orecasting.doc

Copied and pasted from the word file link:

N.B: Please I need only A+ answer with full details and references.

Dream on. Thread closed.