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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.
Probelm: (a) Differentiate between homoscedasticity and heteroscedasticity. (b) Outline the reasons why the variances of disturbance term may vary. (c) Given the 3 observ
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
What is the rival principle of distribution? What are the impacts of ethics and morals on the rival principles of distribution?
why do we make use of regression analysis in our econometrics analysis
How to test the linear regression?
Question: The data needed to answer this question are in Assignment3.dat, which is a subset of a larger dataset on wages and attributes of husband and wives in American househo
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
Problem 1: (a) Using examples explain the concept of cointegration. (b) Explain the term ‘stationarity' and its importance. (c) Differentiate between stochastic and determinist
what is the mathematical origin of durbin watson test for autocorrelation
what is the source of heteroseedasticity
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