Problem Set 5 – Eco 480 Econometrics 1

✏️ ANSWER FORMAT:

• Keep your answers short and precise — no more than 4 sentences per question.
• For calculation-based questions, be sure to show all steps clearly, (don’t write down “steps” just show all calculations)
• Draw the graphs and label them if need to illustrate
• Make sure to draw and label graphs properly
• Keep everything well organized

✍️ SUBMISSION GUIDELINES:

• All answers must be written by hand on papers, as specified in the syllabus.
• After completing the work, scan and upload your answers as a PDF file.
• Make sure the pictures are bright and clear

• You only need to do all parts for questions 1, 2, 3, 4, and 5, but you can skip the optional questions (6 and 7)