theory of statistics (index numbers‚ distributed lags). These contributions are reflected in such works as The Nature of Capital and Income (1906)‚ The Theory of Interest (1907)‚ The Purchasing Power of Money (1911) -a great pioneering venture in econometrics - and The Making of Index Numbers (1922). In the Making of Index Numbers‚ Fisher tested many of the formulas introduced in this chapter by the criteria also discussed here. The few formulas that got superlative ratings (such as the Edgeworth index and
Premium Economics Econometrics
Topic 1 Introduction UBEQ 2013 Basic Econometrics January 2015/16: Week 1 1 1.1 What is Econometrics? Econometrics is an amalgam (a mixture) of (i) economic theory‚ (ii) mathematical economics‚ (iii) economic statistics‚ and (iv) mathematical statistics. UBEQ 2013 Basic Econometrics January 2015/16: Week 1 2 1.2 Why Econometrics? Economic theory makes statements or hypotheses that are mostly qualitative. Example: In theory of demand‚ a reduction in the price of a commodity is expected to
Premium Econometrics Economics
Seth Hill Professor Gwinn Econometrics March 3‚ 2011 Unemployment Rate and Total New Houses Sold For decades‚ owning a home has been touted as the very heart of "the American Dream"‚ but today that dream is out of reach for an increasing number of Americans. Why? It is because there are not nearly enough jobs for everyone. Without a jobs recovery‚ there simply is not going to be a housing recovery. In this report‚ I will perform a regression analysis to determine the effect of the Unemployment
Premium Regression analysis Linear regression Errors and residuals in statistics
Statistical Preliminary 1. Measure of central tendency and dispersion Mean of a group of number is the average value of these numbers. Median is the number that is in the middle when you order these numbers in ascending order. It is probably immediate to you that the order doesn’t have to be ascending. A tricky question is what the median is when the total number of the numbers is even. In that case‚ you just take the average of the two numbers that are in the middle. For example‚ suppose
Premium Normal distribution Arithmetic mean Standard deviation
Project Description Suppose you are an intern in a consulting firm that provides businesses and government agencies with advices on various social and economic issues. You are involved in the project of advising a pharmaceutical company that is interested in penetrating the market of Luckland (a country endowed with rich natural resources). Your supervisor‚ the project manager‚ needs some vital facts about the adult population of Luckland and asks you to answer the following questions. (i) What
Premium Statistics Regression analysis Linear regression
Martin‚ V. L. Are all crisis alike? Working Paper‚ 2008. Assessed at: http://dungey.bigpondhosting.com [7] Gonzalo‚ J. Five alternative methods of estimating long-run equilibrium relationships”‚ Journal of Econometrics‚ 1994‚ 60: 203-33. [8] Granger‚ C. W. Investigating causal relations by econometric and cross-sectional method‚ Econometrica‚ 1969‚ 37(3)‚ 424-438. [9] He‚ D.‚ Cheung‚ L. and Chang‚ J. Sense and nonsense on Asia’s export dependency and decoupling thesis. Working Paper 03‚ Hong Kong Monetary
Premium Stock market Emerging markets Econometrics
Practice Questions and Past Exam Questions Question 1: Short answer questions. (a). It is widely accepted that empirical distributions of returns of various financial assets exhibit leptokurtosis. Explain what leptokurtosis is and how one can verify whether a certain empirical distribution is leptokurtic or not. (b). Fama-French three factor model attempts to explain the excess return on a certain asset in terms of three explanatory variables. This model includes two additional explanatory variables
Premium Regression analysis Econometrics
140 220 155 240 150 260 The theory suggests that consumption (Y) depends on income (X); hence‚ econometric model may be specified‚ as follows. Y = f(X) (General form) (1) Or Y = β0 + β1X + e (Linear form) (2) The above stated regression analysis model contains two variables (one independent variable X and one dependent variable
Premium Statistics Regression analysis Econometrics
STUDY OF PROFITABILITY OF A LOGISTICS COMPANY USING ECONOMETRICS TOOLS Executive summary This study examines the impact of three factors‚ namely Sales‚ Fixed assets and Interest paid on the profitability of a logistics company. Econometric tool of multiple linear regression model was used for analyzing the impact of above factors on profitability of a major logistics company GATI Limited. Based on the financial data of last 10 years 2000-2009 the regression analysis has revealed that profitability
Premium Regression analysis Econometrics Linear regression
40 JOURNAL FOR ECONOMIC EDUCATORS‚ 10(1)‚ SUMMER 2010 UNDERGRADUATE RESEARCH Public Transportation Ridership Levels Christopher R. Swimmer and Christopher C. Klein 1 Abstract This article uses linear regression analysis to examine the determinants of public transportation ridership in over 100 U. S. cities in 2007. The primary determinant of ridership appears to be availability of public transportation service. In fact‚ the relationship is nearly one to one: a 1% increase in availability is
Premium Econometrics Regression analysis Public transport