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(3) (20 points) Consider two time series
Xt = 0.-8Xt1 + at Niki) Win)
Y: = 1.21;1 0.32344 + aE REL) MEMO)
where {at} and {lit} are two independent white noises with unit variance.
Dene Z: = XgiYE. Z: is an ARM
ECO 511: Business and Economic Forecasting
Spring 2014
Problem Set 1
NOTE: All assignments must be typed unless you have a decent handwriting. Graphs and calculations may be handwritten. No late homework
will be accepted.
Exercise 1 (5 Points) Suppose y i
Y Ariiug-Sh ME), 161:] uniporwlowjlxunlsyq [9,)? 7 I l £6
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Cobb, Nowell, Vollrath 13
Bibliography
Day, J .C., & Newburger, EC. (2002) The big payoff: Educational attainment and synthetic
estimates of workulife earnings. (Current Population Reports, Special Studies, p23-210).
Washington, DC: United States Depart
ECON 511 SAMPLE MIDTERM EXAM
Name
ID
90 Minutes
Instructions:
1. This is a closed book exam.
2. You are allowed to have a cheat sheet.
3. Please show all your work.
4. Fully label all graphs.
Good Luck
1
(1) (20 points) Let yt = 0.5yt1 +
t
+ 0.9
t1 .
Find
ECON 511 MIDTERM EXAM
Name
ID
90 Minutes
Instructions:
1. This is a closed book exam.
2. You are allowed to have a cheat sheet.
3. Please show all your work.
4. Fully label all graphs.
Good Luck
1
(1) (15 points) Suppose you win $1 if a fair coin shows he
A,»
ECON 511 MIDTERM EXAM
ml fella.
120 Minutes
InstructiOnsz
1. This is a closed book exam.
2. You are allowed to have a cheat sheet.
'3. Please Sl'lOW all your work.
47 Fully label all graphs. .
Good Luck i V9 :gvbgt :70 PD 79: EL: y; 26
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DePaul University
Department of Economics
ECO 311-511: Business and Economic Forecasting
Spring 2014
Lecture
Tu (301) 5:45pm-9:00pm DePaul Center 6302
Instructor: Burhan Biner
Oce: DePaul Center 6204
E-mail: [email protected]
Course Webpage: Desire2Learn