Cointegration in Single Equations: Lecture 5
Applied Econometrics
HW Masters in International and Development Economics
Berlin - Germany
Assistant Prof. Dr. Meltem Ucal
Introduction
Using an Error Correction Model (ECM) assumes there is a long-run
relatio
u an yaadmz zaman diliminde karlatmz her eyin byk bir ounluu
ebeveynlerimizin zamannda ya yoktu ya da farkl bir haldeydi. Bunun tek nedeni
inovasyondur. Bundan 50 sene sonray kim u anda bilebilirki! Bu dnce insan daha ok
dndrp ve meraklandryor. Bu denli h
MBA PROGRAMS
MANAGERIAL ECONOMICS
FINAL ARCHIVES
PART I: MICROECONOMICS
1) Explain the determinants of the individual demand for a product. In what ways the changes of the
price of the other products may affect the demand for the product. By using appropr
Chapter 7
Assessing Studies Based on Multiple Regression
Multiple Choice
1)
The analysis is externally valid if
a. the statistical inferences about causal effects are valid for the population being
studied.
b. the study has passed a double blind refereein
2012
BeyzaOba
THEORY AND PRACTCE
Why theory?
It is an account of how things work, coherent in its terms, and
applicable to phenomena that it seeks to interpret, understand ,
and explain.
It provides a frame upon which we make sense of our world, and
th
P opulation ecology of
organizations
Population ecology seeks to explain;
1. The factors that affect the rate at which new organizations
are born and die in a population of existing organizations
2. Is change beneficial for organizations?
3. Why there are
Beyza Oba, 2012
We will try to find answers to the
following questions.
1.
2.
3.
4.
What is an institution? Institutional environment?
Why organizations adopt many of the rules found in the
institutional environment?
How institutions are established?
Why
Birmingham International Airport
Robert Johnston
Johnston et al (2003, pp)
Case Date 1996
If you stand in the viewing gallery at Birmingham International Airport at around 5pm on a weekday you
will see, in the space of an hour and a half, between ten and
BUS 101
Introduction to Business for
Economists
Week 3: Production and
Operations Management
Managing Quality
Resources
Collins, K. (2009), Exploring Business,
Pearson Education.
Heizer, J. and Render, B. (2008),
Operations Management, Pearson
Prentice
BUS 101
Introduction to Business for
Economists
Week 1: Functions of
Management PESTEL
Analysis
Resources
Collins, K. (2009), Exploring Business,
Pearson Education.
Pride, W.M., Hughes, R.J. and Kapoor,
J.R. (2009), Foundations of Business,
South-Wester
BUS 101
Introduction to Business for
Economists
Week 1: Functions of
Management
Resources
Collins, K. (2009), Exploring Business,
Pearson Education.
Pride, W.M., Hughes, R.J. and Kapoor,
J.R. (2009), Foundations of Business,
South-Western.
Boddy, D. (2
CHAPTER 13 (PERFECT COMPETITION)
3. Kates Katering provides catered meals, and the catered meals industry is perfectly
competitive. Kates machinery costs $100 per day and is the only fixed input. Her
variable cost consists of the wages paid to the cooks a
EC362EconometricAnalysis
Spring2008
QUESTIONSET2
1.
(Gujarati, Ch 21, page 832) From the U.K. private sector housing starts (X) for the period
1948 to 1984, an academician obtained the following regression results:
X t = 31.03 0.188 X t 1
(12.50)
(0.080)
EC362EconometricAnalysis
Spring2008
QUESTIONSET4
1.
In Question Set 3, we had the following model (regression 1):
ln M 1t = 10.2571 + 1.5975ln GDPt
( 12.9422)
(25.8865)
R 2 = 0.9463
d = 0.3254
where M1=M1 money supply, GDP=gross domestic product, both mea
EC362EconometricAnalysis
Spring2008
QUESTIONSET4
1.
In Question Set 3, we had the following model (regression 1):
ln M 1t = 10.2571 + 1.5975ln GDPt
( 12.9422)
(25.8865)
R 2 = 0.9463
d = 0.3254
where M1=M1 money supply, GDP=gross domestic product, both mea
EC362EconometricAnalysis
Spring2008
QUESTIONSET10
1. Consider the following ordered probit model to analyze congressional voting on the
Year 1965 Medicare bill. Before the bill was reported out by the committee, a motion
to recommit and thus weaken the bi
EC362EconometricAnalysis
Spring2008
QUESTIONSET9
1. Suppose we have a model to predict the relative probability that an individual is in
each of five occupational categories (professional, white collar, craft, blue collar or
menial) on the basis of the in
EC362EconometricAnalysis
Spring2008
QUESTIONSET8
1. (Gujarati, Ch 15, p. 625) The maximum likelihood estimates of the logit model
from home ownership data for 40 families are given as follows:
Li = ln (
Pi
1 Pi
) = 493.54 + 32.96 Income
( 0.000008)
(0.000
EC362EconometricAnalysis
Spring2008
QUESTIONSET7
1. (Gujarati, Ch 22, p. 867) To see if the ARCH effect is present in the U.S. inflation
rate as measured by the CPI, we obtained CPI data from 1947 to 2001. Then we
run a regression of the logged first diff
EC362EconometricAnalysis
Spring2008
QUESTIONSET6
1.
Using 115 daily closing prices of the Company Epsilon stocks in the first quarter of
2008, the financial analyst of this company thought that the following ARMA model is
most suitable for these data.
X t
EC362EconometricAnalysis
Spring2008
QUESTIONSET5
The table below shows the results of two Vector Autoregresion (VAR) analyses. In regression I,
the variables T and Z are regressed on the first lagged values of themselves while in regression
II, the depend
EC362EconometricAnalysis
Spring2008
QUESTIONSET4
1.
In Question Set 3, we had the following model (regression 1):
ln M 1t = 10.2571 + 1.5975ln GDPt
( 12.9422)
(25.8865)
R 2 = 0.9463
d = 0.3254
where M1=M1 money supply, GDP=gross domestic product, both mea
EC362EconometricAnalysis
Spring2008
QUESTIONSET3
1.
(Gujarati, Ch 21, p. 833) From the data for the period 1971-I to 1988-IV for Canada, the
following regression results were obtained:
1) ln M 1t = 10.2571 + 1.5975ln GDPt
( 12.9422)
(25.8865)
R 2 = 0.9463
EC362EconometricAnalysis
Spring2008
QUESTIONSET2
1.
(Gujarati, Ch 21, page 832) From the U.K. private sector housing starts (X) for the period
1948 to 1984, an academician obtained the following regression results:
X t = 31.03 0.188 X t 1
(12.50)
(0.080)
EC362EconometricAnalysis
QUESTIONSET1
1. Show whether the following stochastic processes are stationary or non-stationary,
given that ut is white noise
i.
ii.
iii.
yt=ut
yt=yt-1+ ut
yt=a+yt-1+ ut
ISTANBUL BILGI UNIVERSITY
Ec 362 Econometric Analysis
Midterm-Spring 2008
Instructor: Prof. Hasan Kirmanolu
Instructions: Answer all of the 4 questions! Show all your work. Calculators are
allowed. You have 100 minutes.
1. (25 minutes) Suppose we have the