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Math Help - cubic equation

  1. #1
    Newbie ladiegimmick's Avatar
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    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
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  2. #2
    Flow Master
    mr fantastic's Avatar
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    Quote Originally Posted by ladiegimmick View Post
    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.
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