What is the difference between a mean and median

Assignment Help Econometrics

Reference no: EM132368386

Econometrics Problems -

Problem One (to be done before the lab session) - Read sections 1.4 to 1.8 of Chapter 1 of "Using Eviews for Principles of Econometrics, Fourth Edition" and answer the following questions. For each answer write no more than a few sentences.

(a) What type of data (of the types of data discussed in the lecture) is being used in example demo.wf1.

(b) What is the difference between a mean and median?

(d) What is a sample correlation?

Problem Two (to be done during the lab session) You may want to work through the relevant portions of 1.4 to 1.8 of Chapter 1 of "Using Eviews for Principles of Econometrics, Fourth Edition" using the demo.wf1 workfile at home before attempting this. It is not required though.

(a) Download the Eviews workfile, food.wf1, from the LMS site. Open it in Eviews.

(b) Download the data definition file food.def from the LMS site.

(c) Generate a histogram and descriptive statistics for the variable food_exp. Freeze this output and print it out. On your printout state the definition for food_exp (this can be written by hand).

(d) Create a group of both variables (income and food_exp).

(e) Create a scatter graph using these series. Freeze and print this out. Write one or two sentences discussing what the graph shows.

(f) Generate a set of correlations between food_exp and income. Compare the correlation statistic with the graph generated in part (e).

Attachment:- Econometrics Assignment Files.rar

Reference no: EM132368386

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