Reference no: EM13928149
I would like to do this assignment on demand/supply of higher education, but I am have having trouble understanding the model formation aspect and the variables to use. Can someone please help me determine the best variables to use and the functional equation that would work?
Any suggestions on how to complete this assignment with the topic focused on demand/supply of higher education would be greatly appreciated.
The focus of this analysis involves analyzing key economic themes such as demand, production, cost, and market structure with quantitative techniques like regression analysis and linear programming for a specific company. For purposes of this project you will select a product or service with substantial data.
Some possible topics: unemployment and crime, exports and underdeveloped countries, demand/supply of higher education, air pollution and population, etc.
You will formulate an introduction and problem statement and collect data sources.
Introduction and Statement of Problem
a. Introduction and Statement of Problem: What problem are you trying to solve? This is where you would discuss key information; why the issue/problem is important, sources of data you plan to use, estimation procedure you will use, variables, assumptions, weaknesses of data, etc. (Some possible topics: unemployment and crime, exports and underdeveloped countries, demand/supply of higher education, air pollution and population, etc. )
i. Introduce and describe the product or service being evaluated. Why the issue/problem is important
ii. Model Formation: This refers to the model, hypothesis, or theoretical framework that will be used to explain and/or forecast some variables. In the usual case, the model will be in the form of functional equations. QD = f(P, Y, ...)
iii. Data Sources: Include the sources of data you plant to use, complete description with references.
1. Variables: What variables are used? Why are the variables used in the model?, Consider relation among measurable variables, what is the impact of an independent variable X on a dependent variable Y, what are some additional independent variable that could influence variable Y
2. Assumptions of Data: Consider the following in your analysis; accurate/consistent, sample is representative of the population, unbiased, efficient
3. Weaknesses of Data: Currency, not complete data set, biased selection, not scientifically accurate
4. Estimation Procedure: Consider what estimation procedure you plan to use (if you are using time series data, be sure to account for the identification problem). Why this particular procedure was chosen.
Answer should be in 2-3 pages.
|
Difference between hedging-speculation and arbitrage
: (A) Please define and explain the difference between hedging, speculation, and arbitrage. (B) Please define and explain the difference between Forward and Futures contracts.
|
|
Compute the annual net cash flows for the project
: Compute the project's net investment. Compute the annual net cash flows for the project. If the firm's cost of capital is 19 percent, should the project be undertaken?
|
|
Best value outlet recently announced-intends to pay dividens
: Best Value Outlet recently announced that it intends to pay dividends of $0.40, $0.60, $0.75, and $1.00 per share over the next four years, respectively. After that, the plan is to increase the dividend by 3.5 percent annually. What is the current va..
|
|
Explain deterioration in working conditions
: To what extent can individual business decisions (as opposed to economic forces) explain deterioration in working conditions for many workers?
|
|
Why are the variables used in the model
: What variables are used? Why are the variables used in the model?, Consider relation among measurable variables, what is the impact of an independent variable X on a dependent variable Y, what are some additional independent variable that could in..
|
|
About the security produced returns
: A security produced returns of 13 percent, 18 percent, 9 percent, 23 percent, and -17 percent over the past five years, respectively. Based on these five years, what is the probability that this stock will earn more than 24.76 percent in any one give..
|
|
Calculate the amount of lime and soda require for softening
: Water contains following impurities in ppm: Ca(HCO3)2 = 75 ppm, Mg(HCO3)2 = 73ppm, CaCl2 = 95 ppm, MgSO4 = 30 ppm, CO2 = 20. Calculate the amount of lime (85%pure) and Soda (95% pure) require for softening of 2,50,000 litres of water using sodiumalum..
|
|
Knowledgeable regarding computers
: Ahmed, who is very knowledgeable regarding computers, agrees to purchase computers for Khaled's business. Ahmed is retained at Khaled’s business for that purpose only, he is paid a set rate for the job, and Khaled exercised no control over the manner..
|
|
What is probability that project will have a negative npv
: The most pessimistic estimate represents a value that the project's NPV is not expected to fall below more than 10 percent of the time. What is the probability that this project will have a negative NPV?
|