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Provide a clear statement of the research topic and the underlying relationship that you are modeling. Identify the dependent variable and the independent variables (minimum of 3 independent variables) in your model. Write an equation to specify this model. Explain the theoretical underpinnings of the model you have specified. Why is it important to study/research the relationship described by the model? Who do you think should be interested in the results? Based on the theory, explain how each independent variable is expected to affect the dependent variable (i.e., the expected signs for the slope parameters in the model).
Describe how all the variables are defined.
If there are any explanatory variables that are qualitative in nature, define the dummy (or binary) variables that can be used to incorporate these factors into the model.
Explain what type of data you would use to estimate the model - time series, cross-section, or panel data.
(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding
explain the concept of cochrane-orcutt procedure
The equilibrium conditions for three related markets are given by: (a)Write this system of equations in matrix notation of the form Ax = B. (b) Find the determinant
A thick walled cylinder has internal and external diameters of 120 mm and 420 mm respectively. It is made from a ductile elastic material of your choice and is used to contain hot
If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 billion, net exports are -$10 billion, government pur
Show which of the following are cross-section data, giving the reasons. (i) Wages of individual workers in the UK chemical industry in 2009. (ii) Annual growth rates of eve
Can you draw a line which starts from left to right has a positive slope?
if there is multicollinearity so why we can not estimate the value of parameters?
explain the method with an example
Would you please advise me what would be the code in Eviews if I have first dependent variable in continuous data, second censor data and third discrete data in my system (structu
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