Still using the previous model: If you hypothesize males and…

Still using the previous model: If you hypothesize males and females might have a different willingness to vote for a candidate registered with a different political party, which interactive variable should you add to the economic model to allow you to test the hypothesis? The following economic model predicts whether a voter will vote for an incumbent school board member   INCUMBENT = b1 + b2 MALE + b3 PARTY + b4 MARRIED + b5 KIDS where INCUMBENT = 1 if the voter votes for them, 0 otherwise, MALE = 1 if the voter is a male, PARTY indicates the voter is registered with the same political party as the incumbent, MARRIED = 1 for married voters, 0 otherwise, and KIDS = is the number of school age kids living with the voter.

Consider the following equation for household consumption ex…

Consider the following equation for household consumption expenditure: Consmptn= β0+ β1Inc + β2Consmptn-1+ u where ‘Consmptn’ measures the monthly consumption expenditure of a household, ‘Inc’ measures household income and ‘Consmptn-1’ is the consumption expenditure in the previous month. Consmptn-1 is a _____ variable.