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The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations.The econometric model techniques is known also as simultaneous equation methods and complete system approach to forecasting. This techniques uses mathematical and statistical tools.
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
explane a kinky demand curve model
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
Formulate the consumption function for Mauritius using appropriate theories and suggest values for the coefficients of the independent variables based on theories. Given it’s a tim
what is an iso curve
Problem: (a) Consider the Classical Linear Regression Model (CLRM) Y i = α + βX i + ε i (i) Using the method of ordinary least squares (OLS), derive an expression for
Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.
what is the theory of second best? prove the theorem with the help of a diagram.
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