Chat with us, powered by LiveChat You are working as an analyst for a large cable company that offers bundles of channels all across the United States. One of the bundles is the basic package,? which includes network ch | Wridemy

30 Mar You are working as an analyst for a large cable company that offers bundles of channels all across the United States. One of the bundles is the basic package,? which includes network ch

Posted at 01:42h in Business & Finance / Management by

 Use the data in the attached for this question.You are working as an analyst for a large cable company that offers bundles of channels all across the United States. One of the bundles is the “basic package,” which includes network channels along with a few other basic cable channels. You are interested in learning how the price of this basic package influences the rate of subscriptions in a market. You have data on subscriptions per 1,000 local residents, price for the basic package, and average local household income. You also have data on local telecom labor costs per subscriber. You believe this last variable influences the local price but not subscriptions per se.

  1. Based on the data provided, write out an expression for the data-generating process for subscriptions per 1,000 local residents.
  2. Estimate the effect of basic package price on subscriptions per 1,000 local residents using OLS. Why might you distrust this result as being a causal effect?

Sheet1

Subs per 1000 Price Income Labor
440.7088560406 41.9736426734 67.867 12
475.0794335609 41.4217389268 64.549 6
426.013408628 36.224901438 53.664 6
437.3416206739 45.6521034457 60.429 12
424.3132452812 40.6073742135 52.669 8
405.8547973626 29.8266328938 60.895 6
392.3133086757 40.3683847793 61.103 15
477.0864376661 50.3749062777 65.837 12
487.1057145355 49.3809524226 56.82 8
488.8287286504 50.3002881084 68.027 9
489.1651805929 46.8303634322 55.183 8
517.7953709658 48.8980618276 62.407 6
508.5574656594 57.2917442766 66.807 13
455.5854771951 48.6299128659 62.806 12
442.4767970965 49.9781328494 53.608 13
452.0480126306 44.1163354384 59.35 11
505.8553431506 48.0017238584 64.845 7
424.0854643019 43.587410717 53.561 12
450.9913706579 49.8445617763 57.924 13
440.1421516895 49.6698586149 64.123 14
458.4030341013 38.5660056836 60.007 6
524.0989899155 50.3169983193 67.197 7
449.6943836438 44.277397274 52.03 9
473.3537491048 44.8719581841 63.122 7
440.6714647857 38.6295774643 63.894 6
460.3150733765 47.3636788961 56.133 12
463.3133672025 40.4573945337 68.569 7
483.3185747802 53.26842913 64.708 13
485.182586227 45.0945977045 63.615 6
455.6776429492 53.6777738249 61.611 15
444.9937570251 37.2276261708 54.628 6
458.1288704425 45.7286450737 60.757 11
455.5963424942 49.2550570824 68.066 14
542.7305048484 54.3710841414 60.504 5
464.580054209 44.3266757015 55.62 6
451.3592228654 48.7102038109 62.098 15
501.7435013321 45.484250222 66.838 6
496.0710398957 52.3838399826 58.768 10
528.0587312932 52.3894552155 62.722 6
503.9196202184 54.5032700364 56.9 9
447.3272048757 42.927534146 55.762 10
472.0317233279 50.3032872213 57.212 12
467.9481011125 51.1880168521 51.82 12
512.8771417729 56.2321902955 65.484 11
462.8304808295 43.1750801383 52.78 5
457.3451212344 51.5681868724 50.936 15
452.2986256655 49.5616042776 64.929 15
403.7495936667 42.1057656111 61.115 14
457.4643150574 38.8492191762 67.369 5
439.6837280845 42.2569546808 49.142 7
427.1804167438 38.3369027906 53.159 9
436.1152505275 45.9728750879 63.278 14
463.4571323993 52.7301887332 54.076 14
469.2879976081 52.2009996014 54.082 12
469.6511059452 44.2333509909 70.251 7
463.3870350382 39.5905058397 66.844 7
540.5173261432 55.1742210239 54.472 7
494.7101661845 55.8745276974 59.463 13
519.1608018812 63.3934669802 61.8 15
449.3304619219 45.9252436536 60.779 10
426.4762936441 43.6215489407 60.747 14
470.9543456424 44.0927242737 54.398 7
486.1558391561 53.0344731927 52.949 11
428.2706986331 48.8472831055 56.187 15
475.3330935213 56.7250155869 62.983 15
450.2224818009 46.5719136335 59.791 13
462.3126544098 40.2769424016 57.651 6
485.3413950121 56.4193991687 62.825 15
384.7280268104 42.4148378017 54.239 15
460.0327307913 50.9234551319 67.492 13
424.4351346863 40.5866891144 51.915 11
441.0487153365 39.5666192227 49.649 7
459.7077877482 43.7736312914 50.066 7
503.7665327286 53.2754221214 65.114 10
537.3140167077 52.9125027846 67.839 5
428.3412425837 44.554873764 67.012 15
444.8506977973 37.7772829662 57.187 6
466.6000753127 46.9211792188 52.073 9
424.279358431 41.5090597385 57.225 10
455.627635612 55.5414392687 51.379 15
493.2373910226 51.2605651704 64.674 12
476.5030928596 41.1326821433 67.707 6
433.9799887336 35.0121647889 61.907 5
518.6142562966 48.7837093828 68.912 5
477.0363681631 50.1073946938 63.392 10
519.3980671875 54.0525111979 67.083 11
455.0285791075 44.5735965179 50.587 9
434.2688435389 36.1181405898 52.56 5
454.4045715461 48.0857619243 55.89 11
475.8695754624 45.0787625771 63.397 6
452.4523826313 46.7097304386 53.194 12
422.5947251083 36.0369541847 59.373 8
456.9028191799 41.9613031967 65.135 8
398.572163764 36.8626939607 60.396 10
416.4805601597 37.7522600266 52.967 7
462.1727124997 40.5616187499 58.803 7
475.0905822353 47.3782637059 54.821 9
506.0490929035 50.9326821506 69.453 9
459.4490198506 46.2058366418 55.214 9
542.0293132446 61.9338855408 58.426 10
455.5305571929 37.3632595322 64.351 6
504.2161786654 47.7321964442 62.823 7
455.8070895093 42.5020149182 60.795 8
468.7930456807 49.6353409468 54.981 10
407.862593687 37.9209322812 69.337 10
388.1759727087 33.2751621181 51.525 10
478.7805062634 40.4940843772 65.816 5
372.619441888 38.295073648 51.849 14
459.2343690548 48.1525615091 67.319 12
419.9634727525 42.9014121254 58.555 11
492.1801672348 49.5315278725 68.991 11
418.7865803424 41.7089300571 55.533 12
491.0079191592 46.1201531932 57.287 6
476.9268645861 49.096977431 64.345 10
426.2766254924 48.6529375821 63.359 15
452.4921531259 47.8768588543 52.231 13
468.735423581 49.2739039302 67.092 13
423.3410046392 39.1605007732 58.378 9
457.1469203077 53.1741533846 53.102 14
433.2557232623 51.2229538771 52.918 15
417.396359144 41.049226524 59.101 13
465.0585272158 38.206254536 66.821 5
482.8881376639 42.9571896107 60.145 5
381.4898902764 33.4603150461 54.728 9
461.6202158813 49.6138693135 61.937 11
418.0751400598 39.57119001 69.648 13
479.6254035064 43.7855672511 61.912 7
397.4317606383 35.0151267731 55.341 9
485.3607692117 45.7687948686 69.748 7
423.023869745 39.9003116242 54.622 8
422.0467217079 31.9042869513 54.621 5
444.4458418464 38.9228069744 58.909 7
434.2189267393 41.2969877899 55.437 9
473.3161115408 43.3971852568 61.933 6
445.8169350347 50.4628225058 63.04 14
426.1656260658 40.6241043443 63.421 12
490.5561512084 43.3355252014 59.543 5
416.5152045201 36.85236742 63.401 9
494.6223731382 47.366895523 62.421 6
448.8182530727 46.2002088455 68.617 11
537.0895936149 48.9237656025 66.547 5
410.0478948848 35.8449824808 64.978 10
526.6479534223 55.9913255704 67.7 10
430.130534054 45.74742

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Related Tags

Academic APA Writing College Course Discussion Management English Finance General Graduate History Information Justify Literature MLA