Bonus Assignment Due: December 3rd 6:00PM (in-class) 1.

Bonus Assignment Due: December 3rd 6:00PM (in-class) 1. Refer to question 1 in the first part of Assignment 2. (a) Using LAD estimate the parameters in the following model: EXPENDi = M1 +M2AGEi +M3OWNRENTi +M4INCOMEi +M5INCOME2i+ Vi: (HINT: Use the quantreg package for R.) (b) Obtain standard errors of your estimates in part (a) using the Wild bootstrap with (B = 9; 999). (c) Using the bootstrap (with B = 9; 999) test H0 : 2 = 0 vs. H0 : 2 6= 0 at the 5% level. 2. Replicate the illustration included in the file stoch-dom.pdf. 1
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