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You can check stock and watson solutions chapter 5. Chapter 10 2015 Pearson Education Inc. For Instructors OnlyIf you find errors in the solutions please pass them along to us at mwatsonprincetonedu. A Average snow fall does not vary over time and thus will be perfectly collinear with the state fixed effect. Read also chapter and stock and watson solutions chapter 5 The calculated t-value is 4 4 4075 se b t b At a 5 significance level we reject H0 if tt09751515 196.

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