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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 every of the European economies in 2009.(iii) The yearly growth rate of the European chemical industry, 1999-2009.
Problem 1: (a) Using examples explain the concept of cointegration. (b) Explain the term ‘stationarity' and its importance. (c) Differentiate between stochastic and determinist
A perfectly competitive firm hires its machines at a constant rental rate of r = 5 euros per unit and its workers at a constant wage rate of w = 4 euros per unit. It can also sell
given the formula for f statistic prove that by using the f statistic you can derive this formula
goldfield quandt test solution
the demand for blankets has been estimated y^=0.5-1.5x2+3.0x3
semi average method
Problem: (a) Differentiate between linear and log-linear model. (b) Distinguish between type I and type II errors. (c) (i) A bulb manufacturer claims that its bulbs last
Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~ N(0,σ 2 )(Use the assumptions outlined in our class and available for review in the lecture note
A thick walled cylinder has internal and external diameters of 120 mm and 420 mm respectively. It is made from a ductile elastic material of your choice and is used to contain hot
The inverse demand and supply functions for a product are given as: where P is price, Q is quantity and the subscripts d and show demand and supply, respectiv
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