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Problem 1: (a) Using examples explain the concept of cointegration. (b) Explain the term ‘stationarity' and its importance. (c) Differentiate between stochastic and determinist
what are the uses of correlation in economics?
Why use auxiliary regression? What are the benefits of using it?
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
Give the mathematical formula of calculate the slope of a line?
Assume that the allowance Peter receives from parents is his only income. He used to spend $30 a month to buy Coke at $.60 per can. Coke is an inferior good for Peter. Further a
expected solution plus hypothesis
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
Define Dummy Variable and write its importance in Regression model.
Over the next two years, Susan's income will be $33,000 in the first year and $33,000 in the second year. She can both borrow and lend money at the 10% of annual interest. (a) W
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