ECON332_Spring2011_Assignments_Assignment_Question_-_Ver_2

ECON332_Spring2011_Assignments_Assignment_Question_-_Ver_2...

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Major Assignment ECON 332 NUMBER 2 Due date 21 st April This assignment has a weight of 20 per cent towards your final grade NOTE: Ensure that you undertake the correct allocated assignment. See number at the top of this page. If you do the incorrect assignment your mark will be zero. The allocations are given on the web site for this unit. Please CHECK. The following questions refer to the text book (Please solve using software); 4.25. 5.30 Refer to Data Set 2 THS represents total housing sales in the USA (monthly data) MR represents the mortgage rate ICS represents the index of consumer sentiment or confidence in the US. Develop a model for forecasting THS using just MR as an explanatory variable
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Unformatted text preview: and then develop a model employing both MR and ICS as the independent variables. The evaluation should include discussion on whether the model ‘makes sense’ based on economic logic, likely signs of coefficients, whether the results are statistically significant and whether the overall model is a useful one or not. The evaluation should include discussion on whether the model ‘makes sense’ based on economic logic, likely signs of coefficients, whether the results are statistically significant and whether the overall model is a useful one or not. Compare the two models and discuss the differences in terms of which is preferred and why....
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This note was uploaded on 03/19/2012 for the course IACT 201 taught by Professor Rodgers during the Three '12 term at University of Wollongong, Australia.

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