Applied Econometrics Applied Econometrics Introduction Outline FEM11090-12 Applied Econometrics Nalan Basturk Erasmus University Rotterdam Econometric Institute basturk@ese.eur.nl http://people.few.eur.nl/basturk/ Introduction Course Introduction Course Organization Motivation Introduction Today Regression Linear Regression Ordinary Least Squares Linear regression model Gauss-Markov conditions and the properties of OLS estimators Example: individual wages Goodness-of-fit 1 / 42 2 / 42
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defect in the steering mechanism of the car. If Smith sues the dealer for breach of warranty and the dealer defends by relying on the contract disclaimer‚ what would be the result and why? Please prepare a written reply
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Countless contributions and the founding of Vatican 2 have resulted in Pope John’s immense devotion to the development and expression of Christianity. Pope John XXIII (Angelo Guiseppe Roncalli) was born on November 25th 1881 in Lombardy‚ Italy. His upbringing‚ rich in religion and modesty‚ provided the foundation of his basic values evident in his reign as Pope. Prior to his election‚ Angelo Roncalli was a writer and a scholar‚ specializing in history‚ petrology and apologetics. He was often consulted
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quality in the movie. Alternative “A” is going to blockbuster and spending $25.95 on a newly released DVD movie either enjoying it or not getting your money worth because it was not what you expected it to be. Alternative “B” is buying the Illegal version of the movie for a cheaper price but not a good Quality but in the mist of buying the Pirated version your risking getting caught for being in possession of the illegal version‚ not only that “What if the movie is not downloaded on the disk?” so you
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The next five years | | | | All of us acknowledge that India is changing and that the pace of change is accelerating. We also know that India (and the Indian economy) will be very different five years from now in more ways than one. In the context of private consumption‚ how much India would be different in 2015 can be best understood if we look at some of the data relating to where India was just five years ago‚ i.e. in 2005. India’s GDP in 2005 was about $785 billion‚ which has increased
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SHARE CAPITAL Share capital is the Funds raised by issuing shares in return for cash or other considerations. The amount of share capital a company has can change over time because each time a business sells new shares to the public in exchange for cash‚ the amount of share capital will increase. Share capital can be composed of both common and preferred shares. Each share carrying a vote in the management of the business‚ managerial control may be limited. The authorized capital of a company is
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Strengths: Revenue Growth: In 2008‚ FedEx reported revenue of $38 billion; in 2012 the company reported revenue of $42.7 billion‚ representing a year over year annual growth rate of 2.96%‚ and while this may not seem like an explosive number‚ the caliber of growth is solid and expected to accelerate into the future‚ with 2015 revenues reaching nearly $49 billion. Established Distribution System: The company possesses a massive fleet of airplanes‚ trucks‚ locations‚ and employees‚ and is distinctly
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The national debt rose 40 percent of GDP‚ the debt in relation to the average income per person‚ resulting in the highest it had ever been (There could be trouble ahead). Because there was no money reserved as a precaution for a depression‚ the economic damage was the worst it could be in the situation. Banks went into a panic and pulled
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RETAINED EARNINGS CHAPTER 19 DEFINITION: Retained Earnings represents the cumulative balance of: Periodic net income or loss Dividend distribution Prior periodic errors Changes in accounting policy‚ and Other capital adjustments The illustrative statements of financial position and statement of changes in equity in IAS 1 and IAS 8 still maintain the title “retained earnings” 2 KINDS OF RETAINED EARNINGS Unappropriated Appropriated UNAPPROPRIATED RETAINED EARNINGS Represent
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If I were building a house on Mars it would be... If I were to build a house on Mars it would be a house like the Martians built except‚ it would have American style appliances. The house would be on a hill‚ so I could look over the country side without interference from trees and plants. Another option would be to have the house right by a lake so I could build a miniature theme park in it. There would be a ride that I would have around two G’s worth of force applied on me as I twist through
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