Nobody downloaded yet

Econometric analysis - Statistics Project Example

Comments (0) Cite this document
The data used was a time series data and was obtained from Federal Bureau of Investigation (FBI) spanning from the year 1991 to 2011. Statistical tests were conducted to examine the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Econometric analysis project
Read TextPreview

Extract of sample
"Econometric analysis"

Download file to see previous pages In this project we consider a time series data to analyze the whether the effect of capital punishment on homicide rate. Time series analysis is a form of statistical data analysis on a series of sequential data points that are usually measured at uniform time intervals over a period of time. A time series can be said to collection of data with the interval between and being fixed and constant. Time series analysis is the estimation of difference equations containing stochastic (error) terms (Enders 2010).
Time series forecasting takes the analysis from the time series data and tries to predict what the data may be in the near future, based on what it has been in the past. But because there are many factors influencing the fluctuation of the homicide, creating an accurate forecast based on the analysis alone is difficult. Therefore, many approaches and models have to be developed in order to utilize the time series analysis and provide an accurate prediction of what is to come in the future. The purpose of this report is to apply the statistical techniques to understand the relationship, if any exists, between capital punishment and homicide rate.
There is a strong correlation between the homicide rate and death penalty number (number under capital punishment); from the table generated below on the correlations, the correlation coefficient = 0.9406* implying a strong positive correlation between the homicide rate and death penalty number.
To explain the concept of the correlation further, a scatter plot representing the homicide rate and number of people under death penalty in a given year is plotted and from the pattern of the graph, it can easily be seen that there is a strong positive correlation/relationship between homicide rate and number of people under death penalty. For instance, for any unit increase in homicide rate there is a subsequent increase in the number of people under death penalty likewise for any unit ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Econometric analysis project Statistics Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(Econometric Analysis Project Statistics Example | Topics and Well Written Essays - 1250 Words)
“Econometric Analysis Project Statistics Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
...? Q1 The estimated equation is: However, from table we that the t-statistic values are greater than the 5% critical value of 96 for the variables price, radio and the squared value of radio. The variable TV as well as the squared value of the variable price is significant only at the 10% level. The other included variables, i.e., advertisement in newspaper and square of the same turn out to be insignificant implying there is not enough evidence to establish that the coefficients on these variables are statistically significant from zero. The parameters to measure the impact of changes in levels of the variables while the parameters to measure the impact of changes in the squares of the variables. Thus, while the beta coefficients... Q1 The...
8 Pages(2000 words)Assignment
Analysis project
...?Analysis Project: Global Warming The first source that I picked is “Rain Will Get More Extreme Thanks to Global Warming, Says NASA Study” and is written by Carl Franzen. This source is a news article that was published on May 4, 2013. Carl Franzen is a longtime technology and science reporter for The Verge online newspaper, which focuses on providing its readers with in-depth information about current events. This source is credible because it gathers its information from other authoritative sources, such as those that originally announced any findings or results, allowing the team at The Verge to confirm the accuracy of the facts and data before publishing the articles for the public. The second source...
7 Pages(1750 words)Essay
...? Project Analysis Lecturer: Project Analysis Introduction The concept relationship management (CRM) hasevolved overtime; thus many organisations have made significant efforts of installing the CRM software in order to enable them interact with their customers effectively. The CRM is an effective model employed in business organizations for managing customer relations and it involves the use of technology in organizing, automating and synchronizing customer service or offering technical support in business management process. The CRM is a significant business management tool employed in the contemporary business environment for enabling organisations to achieve their...
4 Pages(1000 words)Essay
Econometric Analysis Sumanta Sanyal d: Introduction This paper is devoted to econometric analysis of data of certain French economic factors for the period 1955-1994. The economic factors are tabulated as annual aggregates and rates in either ordinary or logarithmic forms. They are - 1) Natural logarithm of real per capita consumption (LCF), 2) Natural logarithm of real per capita income (LYF), 3) Real interest rate (RF) and 4) Rate of unemployment (UF). The last two are expressed as proportions. The data has been derived from 'London Metropolitan University's' Website section "Quantitative Research Methods" Module: ECP054C 'Assessment for January, 2007, French Consumption Data (Excel file... ...
7 Pages(1750 words)Essay
UNDERGRAD LEVEL - Econometric/Statistical Analysis
...Statistical analysis and results The hypothesis to be tested for the present research is as follows: Null Hypothesis- H0: More working hours and higher earnings lead to a higher output per worker within the mining industry. To test this hypothesis various statistical tool can be used. For example the simplest way to find out the nature of relationship between any two variables is to form a scatter diagram. In the present case, objective are to find out how output per worker in mining industry is related to the amount of working hours and the level of earnings. Here two scatter diagram can be used to find out what kind of correlations exist (I) between output per worker in the mining industry and the number of working...
8 Pages(2000 words)Statistics Project
Econometric Project for final year undergraduate student
...Econometrics Work March Declaration ‘I hereby certify that the project submitted is my own work and that I have acknowledged the use of the ideas or words of others.’ Signature..................................................... Abstract A study was carried out to determine whether an increase in real consumption expenditures, real domestic investment, government expenditures, personal disposable income, taxes and net exports has significant effect on the GDP growth. Secondary data was used for the study and is downloadable from The study aimed to estimate the following model; GDP = β0 + β1C + β2I + β3G + β4YD + β5Tn + β6NX. In this...
12 Pages(3000 words)Essay
Econometric Regression Analysis
...Econometric Regression Analysis Summary Rationally, literature reviews are related. The following article has summarized massive literature writtenon a certain topic, to give rationality to the difficulties, often dissimilar, expressions conveyed about a certain problem. The article can also serve as a helper for new ideas. Nevertheless, literature surveys often do not discover anything estimating agreed agreement. Ironically, this is simply as real for the methodical economic literature as it is for the writers and scholars of this article. For the completing of the dissonance to be fruitful, the authors have offered a quantitative method for studying the experiential economic literature (Muller 324)....
2 Pages(500 words)Assignment
Econometric Project
...Econometrics Project Introduction This project will use cross-sectional data obtained collected all over the UK and which has information on wages, health, smoking, drinking, education and other socio-demographic characteristics of individuals Analysis Plan The first part of the analysis will focus on exploratory analysis of the data provided. Under exploratory analyses, descriptive statistics will be computed and a relationship will also be hypothesized using summary statistics (mean and standard deviation). Tabulations will also be used to make observations on the data. The second phase of analysis will use in-depth...
8 Pages(2000 words)Essay
Introduction of Econometric
...Lab 7: Multiple Regression and Dummy Variables Introduction to Econometrics ECO 20042 due Lab 7: Multiple Regression and Dummy Variables; Report Introduction The job market is characterised by different wages, which divides individuals into social classes. Noteworthy, members of the same have different earnings. Theoretically the difference in wages has been attributed to the differences in education levels and experience among other factors (Wannakrairoj, 2013). In this study, an experiment was done to determine the key determinant of wage variations. Using a sample of 1000 individuals, the extent and significance of education and experience impact on hourly pay was determined. Moreover, it was also hypothesized...
3 Pages(750 words)Assignment
Econometric Research Paper
...Econometric Research paper: Does Unanticipated and Anticipated Monetary Policy influence Real GDP? Submitted by……………………………………………………… Introduction This paper evaluates whether anticipated or unanticipated monetary policy changes influence real GDP or the unemployment rate. We used historical data on U.S real gross domestic product and various money measures so as to meet the objective of this paper. According to Barro (2008), an example of the crucial aspects of the new conventional approach to macroeconomics that began in the 1970s is the difference between the actual impacts of anticipated and unanticipated alterations in nominal variables, for instance money supply. Gwartney (2009) argue that what will affect money and...
14 Pages(3500 words)Research Paper
sponsored ads
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.
Let us find you another Statistics Project on topic Econometric analysis project for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us