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You have won a contest and are allowed to choose between two prizes. One option is to receive $200 now and another $200 a year from now. The second option is $150 now and $255 a
Question 1: a) Explain what is a VAR giving an example both in the form of an equation and matrix. Discuss its benefits and limitations. b) How can we estimate a VAR invol
let y denote the number of "heads" that occur when two coins are tossed
how to calculate equilibrium quantity and price
Show which of the following are cross-section data, giving the reasons. (i) Wages of individual workers in the UK chemical industry in 2009. (ii) Annual growth rates of eve
Process of least cost method and how to do a minimisation problem
Replicate the estimations in Table 2 on page 82 of Graddy (1995), but excluding the data of King Whiting.
demand for tea, Y, are assumed to be affected by income of students, X. A simple linear regres-sion analysis was performed on 20 observations and the results were: Independent vari
the demand for blankets has been estimated y^=0.5-1.5x2+3.0x3
Assume the following table gives the joint PDF (probability distribution function, not Adobe document!!) of two discrete variables, x and Y. Vari
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