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Try the machine learning K-nearest-neighbor algorithm on the PUMS data to get another view of the "interesting pattern" from above. (As usual, step one is to replicate my code, then gradually morph it into your own.) How good of a classification can you get?
The PUMS data includes a code, ANCESTR1D, for each person to give detail about their ancestry. The complete codes are below. You might figure out some recoding (note that most of the codes less than 2100 are European, then rest of 2000s are Latin America, 3000 are Caribbean, 4000 MENA, 5000 African, 6000 Indian subcontinent, 7000 Asia, 8000 Pacific, 9000 other). You might make judgements about how to combine groups. Look at average incomes within some of these ancestry groups, are they statistically significantly different? Explain.
Explain how might these regulations be thought of as being a negative technological change.
Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
What are three important IT governance ideas you have for contributing towards a successful IT Project and explain why they are important.
Explain why in case of a price rise consumers would shift to a substitute whose price is lower.
a. Suppose Px= 9, Py= 16, and Income M. Find the utility maximizing quantities of x and y. b. Find the demand function of x and y. c. What are the price elasticities of demand for x and y? What are the income elasticities of demand for x and y? d. Wh..
In the two sector economy where there is no personal tax,how is personal income related to personal consumption expenditures and personal savings?
Find the value of a country a dollar and the consumption of the initial old.
Explain One-bank Credit System (be able to explain why credit as a means of payment implies an elastic supply of money). Explain Multi-bank Credit System (explain the ways in which banks can pay each other; why is a clearinghouse superior?
You will collect basic socio-economic data and other relevant description information on your country. You need to submit the name of the country and it's geographic location.
The equipment you need to report on is as follows: Miniload AS/AR, Automated Dispersing Machine, Gravity Flow Rack, Horizontal Carousel, and a Vertical Carousel.
Consider the following information for a monopoly firm. Assume that Q equals the level of output and all costs are economic costs.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
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