We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Econometrics - Essay Example

Comments (0)
In this book, the aggregate output in United States from 1921 to 1941 is estimated based on the two components of aggregate demand,…
Download full paper
Read TextPreview

Extract of sample

Download file to see previous pages... Moreover, the scatter plots of income versus consumption and income versus investment are also plotted. The graphs show that the actual plots of all the variables except the government non-wage income show fluctuating trends with alternative peaks and troughs in the period of analysis. The correlograms of all the variables except the government non-wage income become zero from the third order ones. This shows that all the variable except the government non-wage income show fluctuating trends in the period of analysis. Government non-wage income show steady rising trend in the period of analysis. The correlogram of this variable is not gradually declining and remains the same. The scatter plots show that there is a significant positive correlation between income and consumption .Though a positive correlation can be seen income and investment, it is not so significant compared to the previous one.
The OLS estimation for consumption shows perfect model fit. The coefficients for wage income and profit income are positive and significant. One percent rise in wage income leads to a significant rise of 19 percent consumption while one percent rise in wage income leads to a significant rise of 79 percent in consumption. The actual and fitted values of Consumption shows perfect fit as shown from the graphs in appendix 2. The 2SLS estimation shows that only wage income is significant in determining consumption .Here the coefficient for wage income has increased to 81.6 percent compared to the OLS estimation. At the same time profit income lost its significance here. The actual and fitted vales show perfect fit in this case also.
For the estimation of investment with OLS, current and lagged values of profit income are positive and significant while lagged value of capital stock is significant and negative in determining investment. One percent rise in current and lagged ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
This is true because only trying to minimize the squared residuals means that the linear assumption and the assumption that the error term has zero expected value have not been considered. b). The proportion of the variance is explained by a regression analysis because the regression analysis is aimed at measuring how the dependent variable changes with changes in the independent variable.
3 Pages(750 words)Essay
Econometrics project ideas
This study could provide a demographic snapshot of your state's foreign-born population based on data from the 1990 and 2000 U.S. Censuses and the 2009 American Community Survey. 2. Agricultural Development - The U.S. Department of Agriculture's Prospective Plantings Report, released Tuesday (March 31), didn't show much change from last year - acreage devoted to soybeans practically the same, corn down 1 percent.
1 Pages(250 words)Essay
Empirical Techniques in Econometrics
Econometrics is the application of statistical methods for solving the financial issues. It has many applications like – the effect of the economic conditions on the financial markets, the asset price derivations, predicting the future financial variables and other financial decision-makings.
10 Pages(2500 words)Essay
The academic statement of purpose (Econometrics field)
After joining the University of Michigan I began working on my first project which was a study on the effects of marriage policy in China in the late 1970's using Duflo (2001) methodology, I was stunned by the dramatic change on marriage age after the implementation of this policy.
3 Pages(750 words)Essay
In this case, there is a weak positive correlation between the two variables. Since the coefficient is positive, there is a positive linear relationship between health status and years of education. When years in education increase, there is an improvement in
16 Pages(4000 words)Essay
Thai modest and medium-sized enterprises on the other hand, are nonetheless not entirely competitive, particularly in overseas markets, which require successful production, excellent management structures, market features, product as well as service
8 Pages(2000 words)Essay
In the years before and during 2011, Apple Computers produced and sold personal computer systems to its customers worldwide. This included individual clients, institutions of learning, health
15 Pages(3750 words)Essay
Other irrelevant variables were eliminated from the model. With a probability F approximately equal to zero, then it implies that the model was significant with at least one of the coefficients statistically different from zero. It was observed that, holding all
3 Pages(750 words)Essay
The above data cannot be used as the dependent variable since its assumed that the data must be following a normal distribution and from the above data, the variable has outliers and is skewed to right. Therefore the assumption of normality is violated in
3 Pages(750 words)Essay
Econometrics 2
Using the data sets provided such as of the annual profits (Revenues minus costs) of the shops and their characteristics, this paper intends to explain the factors affecting the profit levels. According to the analysis
4 Pages(1000 words)Essay
Let us find you another Essay on topic Econometrics for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us