Introductory econometrics.

introductory econometrics (Textile and framework persis ten-spotce) Q1: Present your selective information in a control board big precise definitions and sources for each multivariate plus brief foot none on some(prenominal) methods you had to utilise to construct your variables. QDD (£m)POPN (k)P-PRICE R-PRICE gross 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 framework and stuff industry 1980-1992 QDD: Annual subscribe for sizable Y (textile and textile industry) POPN: Population P-PRICE: manufacturer expense for textile and textile industry; every populate(predicate) converted to base 1980 transgress as 100 R-PRICE: Retail bell for all Goods; all converted to base Jan 1987 legal injury as 100 gross domestic product: gross domestic product at present-day(prenominal) impairment QTYPCTA: Per Capita breathing in of Good Y (Total Demand for Goods in money status/ manufacturer wrong / Population) RELPRICE: Relative pay ( manufacturer expenditure/ retail price) INCPCPA: Real Income per Capita (GDP at electric current price/retail price/population) DUMMY: Dummy Variable (1 for last ten years; 0 for the rests) This is the yearbook demand 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 understanding 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 abstract is describe in money term, so it is dissever by the producer price to get the unit term data. 2. Relative Price is the price of Good Y as ratio of Price of former(a) Goods, so it is calculated as producer price /retail price. 3. GDP (at current price) is divided by retail price to disapprove the outcome 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 compulsion to get a replete(p) essay, order it on our website: Orderessay

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