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Find any differences in the set of variables used in a regression model of demand for consumer durable (e.g., automobiles, appliances, furniture) and a regression model of the demand for "fast-moving consumer goods" (e.g., food, beverages, personal care products)?
Think about the factors that influence your decision when you go to Walmart to buy shampoo versus the factors that influence your decision when you go to the car dealership to purchase a car. For example, does your future earning power come into play when you are deciding between two different types of shaving creams? How about when you are deciding between a Lexus or a Toyota?
Again, use economic theory to back up your answer. What is the point of a regression and why do the dependent variables matter so much when developing the regression model.]
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Acme Water is a privately owned firm that is sole supplier of water to a rural town in Pennsylvania. The owner of company has provided the manager of firm an incentive to maximize company's profits,
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
The Australian government administers two programs that affect the market for cigarettes.
I have a time series set of data of workers in motor vehicle industry from 1972-2001 as well as average weekly hours of workers in motor vehicle industry
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
Design a simple econometric research project
Solve the forecast model
A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos
A firm operating a chain of drug stores consider to open a new store in one of locations. The management of firm figures that at the 1st location the store will show an yearly profit of $20,000 if it is successful and an yearly loss of $2,000 if it i..
Scores of high school students on a national mathematics exam in Egypt were normally distributed with a mean of 86 and a standard deviation of 4.
An analysis of stock market manufactures the following data about the returns of two stocks.
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