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
TMA1 Weightage: 25% Submission deadline: 6th March 2015 1 a) Explain TWO (2) main differences between qualitative data and quantitative. (4 marks) b) Using the example of a group of BBM203/05 students in your class‚ differentiate qualitative and quantitative data. (6 marks) 2) A new restaurant did a survey among its customers recently. The following questions were asked in the questionnaire. Identify which type of data are they? Choose from Qualitative-Nominal‚ Qualitative-Ordinal‚ Quantitative
Premium Random variable Probability theory Arithmetic mean
No. of Printed Pages : 4 ECO-1 I BACHELOR’S DEGREE PROGRAMME Term-End Examination June‚ 2013 ‚ ••••-•0 ELECTIVE COURSE : COMMERCE ECO-1 : BUSINESS ORGANISATION Time : 2 hours Maximum Marks : 50 (Weigh tage 70%) Note : Attempt both Part - A and Part - B. PART—A 1. Distinguish between any two of the following : 5+5 (a) (b) Private limited company and Public limited company (c) Bank overdraft and Cash credit (d) 2. Employment and Profession Joint
Premium Business Corporation Entrepreneurship
Assignment 1 Brandman University LaTrece Couvson Introduction: In the world economy today‚ we can see many changes from how the world use to be. People from all different places have integrated into a society where their cultures and values are welcomed no matter where the come from. This assignment will identify four factors that determined the modern world economy‚ describe the shifts over the past 30 years with examples‚ and discuss the implications in Britain‚ North America‚ and Hong
Premium Economy United States Economy of the United States
Explain the limitations of the following three program approaches and include two typical uses of each: Procedural programming Procedural programming explanation: Procedural programming is a programming language that works with like a step by step guide of how to do something. Like a procedure in a work place it the same thing over and over in step hence the name. In order for a procedural program to work you need to set up a set of instructions for the user to follow. Like telling them what to
Premium Programming language Object-oriented programming
VIRTUAL CHILD #1 There lived a couple in New York City‚ they had a daughter named Amira was on September 2nd 2003. My child is a gift from god. Her Cognitive and Physical development along with her socioemotional activities have been massive over the past ten years. Her cognitive and physical development have been from the playground to going to first grade where she plays soccer every Saturday for an hour which according to Paget’s theory it’s the preoperational stage derived from Paiget’s theory
Premium Jean Piaget Mother Developmental psychology
1 Chapter 1—Networking Fundamentals ® Chapter 1 Networking Fundamentals This chapter provides an overview of basic networking concepts‚ including network architecture‚ design‚ and project management. Chapter 1: Networking Fundamentals Table of Contents 1 Chapter 1—Networking Fundamentals Introduction to Networking Fundamentals.................................... 1-1 Overview ........................................................................................................ 1-1 Networking
Premium Computer network OSI model Local area network
EXPERIMENT 1: THE HEAT CAPACITY RATIO FRANK KAYEYE 100886802 Purpose: The purpose of this experiment was to calculate the heat capacity ratio γ for three gases find in three different classes. The three different gases and their classes are; helium which is classified as a monatomic gas‚ nitrogen which
Premium Gas Thermodynamics
small town located in Davis County‚ UT. The current population for this town is about 18‚275 (City Data‚ 2012). The median income per household in my city from 2000 to 2009 has ranged from an estimate of about $74‚250 to about $79‚044 for the current day. The average cost of pizza from other pizza places over the years (2000-2013) ranged anywhere from $5.00 to about $18.00 depending on what you want and how you want it prepared. The average household size was 3.40 in Farmington. Hypothetically the amount
Premium Household income in the United States
BS3572 Industrial Economics Tutorial 1 Exercise 1 Consider a perfectly competitive market. Market demand is Q = 860 10p. There are initially n = 20 identical …rms in the market‚ and each …rm’ costs are C (q) = 200 + 2q + 0:5q 2 . s 1. Find the supply curve of an individual …rm and the aggregate supply curve of all …rms. Calculate the competitive equilibrium price. Determine the equilibrium output and pro…t of an individual …rm. 2. Derive expressions for the price elasticity of market demand
Premium Supply and demand Economics