Introductory econometrics.

introductory econometrics (Textile and framework persis hug drug-spotce) Q1: Present your data in a table self-aggrandizing precise definitions and sources for each variable prescribed brief footnote on some(prenominal) methods you had to used to construct your variables. QDD (£m)POPN (k)P-PRICE R-PRICE raw house servant product (£m)QTYPCTA RELPRICE INCPCPA DUMMY 514056,330100.066.8229,5830.911.497061.01320 491856,357104.574.8252,2440.841.463959.83720 506856,298110.481.2275,8510.821.453260.34280 543956,328116.484.9301,5240.831.465363.05071 614056,432123.189.2323,0980.881.480964.18651 664856,567129.694.6354,2290.911.473666.19571 678856,699135.497.8380,5970.881.486768.63591 757156,850141.8101.9418,2210.941.481872.19401 793056,970149.3106.9466,5200.931.476176.60311 794257,248156.2115.2511,8890.891.428077.61811 764857,436164.0126.1554,4860.811.380776.55811 738457,472174.5133.5582,9460.741.374575.97851 754457,593180.2138.5606,5820.731.371176.

04491 Annual expect for material and stuff industry 1980-1992 QDD: Annual Demand for Good Y (textile and textile industry) POPN: Population P-PRICE: manufacturer expense for textile and textile industry; all converted to base 1980 hurt as 100 R-PRICE: Retail footing for all Goods; all converted to base Jan 1987 price as 100 gross domestic product: GDP at current price QTYPCTA: Per Capita outlay of Good Y (Total Demand for Goods in money landmark/ Producer wrong / Population) RELPRICE: copulation footing ( manufacturer price/ sell price) INCPCPA: Real Income per Capita (GDP at current price/retail price/population) DUMMY: Dummy Variable (1 for last ten year s; 0 for the rests) This is the annual dema! nd table for textile and tixtile industry from 1980 to 1992, as relative figures after 1992 could not be found in Annual Abstracts of Statistics of the U.K. (I got he agreement from Dr surface-to-air missile Cameron that I can reduce my year) P.S. 1. The data for annual demand for Good Y in annual scheme is describe in money term, so it is divided by the manufacturer price to rag the unit term data. 2. Relative Price is the price of Good Y as proportionality of Price of other Goods, so it is calculated as producer price /retail price. 3. GDP (at current price) is divided by retail price to disapprove the effect of inflation. Q2.1 The estimated equation goes as followed: Y=b0+b1X1t+b2X2t-b3X3t+Ut qtypcta = 0.08619 + 0.642relprice - 0.00236incpcta+ 0.05781dummy + Ut Q2.2 Present your results... If you want to get a full essay, order it on our website: BestEssayCheap.com

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