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a. Discuss the advantages and disadvantages of using a Markov Switching model instead of dummy variable to capture structural breaks.
b. In a Markov Switching Model, what is the difference between increasing the number of regimes and increasing the order of the Markov chain? Which one will you choose to improve the forecasting performance of a first-order Markov switching model with two regimes for GDP growth rate? Why?
Calculate marginal pdf's of both variables and calculate the probability that Bobo has fun if Bobo studies economics.
What is forgone when decisions are made?
list the new technology developments in the areas of generic and networked computing and web-based systems. what are
What is the expected overall profit from previewing the show out of town? Is this more profitable than opening on Broadway directly?
question 1 what are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the
mary has variable costs equal to vc y2 f where y is the number of bouquets she sells per month and where f is the
If all wages and prices increased by 20% would you be better or worse off. Could you purchase more goods? Do you prefer inflation and high employment or lower prices Deflation and higher unemployment?
Conduct an analysis of a recent article and provide their evaluation and outcome expectations
Use the DD-AA diagram to analyze the effects of a temporary tax cut on income and the current account.
The following two equations represent the demand and supply schedules of motorbikes for Country A. Suppose country A is large enough to affect the world price of motorbike and therefore it faces an upward-sloping supply curve from the rest of world (..
problem 1please dene or explain the following terms. a complete answer will include a graph equation andor example as
The results are estimated to positively impact net cash flow starting 6 years from now and for the foreseeable future at an average level of $6 million per year. As an initial screening for economic viability, determine both the no-return and i ..
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