ECONOMETRICS EXERCISE 3 TRAN THI ANH NGUYET 28 March‚ 2013 1. The data set CEOSAL2.DTA contains information on 177 CEOs. In this sample‚ the average annual salary is $865‚864‚400 with the smallest and largest being $100‚000 and $5‚299‚000‚000‚ respectively. Another most interesting variable is sales with the average being $3‚5329‚463‚000‚ and its the smallest and largest being $29‚000 and $51‚300‚000. Using the data set‚ the following OLS regression is obtained: (1) . ˆ lnsalary = 4.58 + 0
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account data from set countries in year 2007‚ the year that indicates the entrance period of 2008 world economic crisis. The objective is to evaluate the impact of these independent variables on the total private domestic consumption through the econometrics tools for these set countries‚ which have been randomly chosen in function of the world geography repartition. In addition‚ we want to describe the economic relationship between those variables. For example according to Keynesian model‚ aggregate
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Self-Lab 2 - Use Your Hand University of Gothenburg Department of Economics Applied Econometrics (MSc.)‚ Fall 2013 Alpaslan Akay University of Gothenburg This is your second homework. It is a lab that you are going to do it alone again. In the first lab you have learned how to operate Stata and calculate descriptive statistics. You also read a paper with an interesting research question. Self-Lab 2 covers some topics of Lecture 2 and 3. In this lab you are going to learn how to calculate
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Tracy’s Introductory Speech 1. Introduction A. Attention Getter: Story about an exciting night: I had glue pinching from my fake eyelashes‚ a sticky rump from gluing a swimsuit to my butt‚ and a pounding heart praying my name wouldn’t be called…at least not yet. (Ad lib.) The circumstances I’m describing --spring of 2001--Miss Illinois Pageant --top ten-- Miss Blackhawk Valley—only 9 places away from a trip to Miss America! (Ad lib.) B Credibility Statement: My friend Erika Harold won--became
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Manisha Khadka COMM 100-05 02-02-2015 Introductory Speech –Abdullah – A Friendly Key Introduction Attention Getter: Can you imagine a house without a key? A car without a key? How about success without a key? Introduce Classmate and Object: I am Manisha‚ and I recently had the pleasure to get to know an inspiring personality whose name is Abdullah. I am so pleased to have the chance to introduce this intelligent young man in front of this class. Today‚ I am going to tell you why Abdullah reminds
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m Problem1: The demand for roses was estimated using quarterly figures for the period 1971 (3rd quarter) to 1975 (2nd quarter). Two models were estimated and the following results were obtained: Y = Quantity of roses sold (dozens) X2 = Average wholesale price of roses ($ per dozen) X3 = Average wholesale price of carnations ($ per dozen) X4 = Average weekly family disposable income ($ per week) X5 = Time (1971.3 = 1 and 1975.2 = 16) ln = natural logarithm The standard errors
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The Importance of the Introductory Fable “The Cock and the Jasp” is an important fable as it sets the tone for the reader. However‚ it raises the question as to why this fable was chosen as the first. According to Rosemary Greentree‚ Henryson’s ‘use of “The Cock and the Jasp” traditionally an introductory fable‚ as the first in his collection shows a degree of conformity to accustomed order‚ when it suits his purpose’ (483). However‚ one could argue that it is the most straight forward fable as
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is essentially done. While an introduction may be the first thing a reader sees in an essay‚ it should be the last or second to last thing you write when you work on your draft. They are the icing on the cake There are several ways to write an introductory paragraph. One particular structure that is useful in various disciplines is the funnel-approach introduction. It is called the funnel-approach because it begins with a broad or general statement about your essay’s topic then proceeds to elaborate
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Descriptive Statistics Mean Variance Standard Deviation Sample Covariance If it is greater than zero‚ upward sloping. This is scale dependent. Sample Correlation This is scale independent: between -1 and 1‚ close to 1 is upward‚ 0 is central‚ -1 is downward sloping. Finding the regression Regression formula with one regressor Slope Intercept Finding R2 TSS=ESS+SSR The Coefficient of Determination = R2 This gives the total fit of ‚ between 0 (chance) and
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Properties of OLS estimators Population regression line: E(y|x)=1+2x‚ Observation = systematic component + random error: yi = 1 +2 x + ui Sample regression line estimated using OLS estimators: = b1 + b2 x Observation = estimated relationship + residual: yi =+ ei => yi = b1 + b2 x + ei Assumptions underlying model: 1. Linear Model ui = yi - 1- 2xi 2. Error terms have mean = 0 E(ui|x)=0 => E(y|x) = 1 + 2xi 3. Error terms have constant variance (independent of x) Var(ui|x)
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