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(a) Explain what is meant by the term regression.
(b) Describe the justification for the inclusion of a disturbance term in a regression analysis.
(c) With appropriate examples, discuss the different types of data that are available for empirical analysis.
(d) Show that Cov(a+bX,c+dY)= bdCov(X,Y) where a, b, c, and d are constants.
Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
For a multiple regression with three explanatory variables the value of R 2 is 0.75. Indicate whether every of the following statements is true or false and give brief reasons fo
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
explanation on diagnostic test in time series
Choose Y and X variables to model on the Household and the Environment Survey 2006. Using Ox software to write a program to do estimation, and then write a report based on the an
PROOF THAT E(XU) DIFFERENT FROM ZERO.
Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by P x = 6 cents, P
In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI has 50 units of food and 10 units of clothing.
a) Design a simple econometric project to identify the factors that affect the demand for a good or service of your preference. Estimate the significance of these factors using mu
please provide literature on vecm granger causality block exogenity wald test and also tell how to interpret results
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