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Macro & Microeconomics Statistics Project

Economics graphs
If the derived price elasticity is less than 1, this means that demand is relatively inelastic. Thus, a 1% change in the price of good A would result in a less than proportionate change in the quantity demanded. (Samuelson & Nordhaus)Commodities, which are not very basic and have many substitutes, usually have elastic demand curves. However, basic commodities and utilities like electricity and oil or petroleum products commonly have inelastic demand curves.The analysis of the price
Pages: 5 (1250 words), Statistics Project
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Recovering of the UK Economy after Thatcher Crisis
The unemployment rate in the UK is the highest since the 1997 Asian crisis. Down by 0.1% as compared to the previous quarter, only 29.38 mln or 74.1% of the working-age individuals are employed as of January 2009. The unemployment rate increased up to 6.5% which is 165,000 or a little more than 0.5% higher as compared to the previous quarter.
Pages: 15 (3750 words), Statistics Project
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Wage Differentials:Black-White
Discrimination has been observed to be not only racial, but it is also as a result of gender. Women are paid less than their male colleagues of equal academic and professional qualifications. Wages differences between men and women are explained by the differences in the technical fields commonly studied by men. Partially, wage disparities among gender explained by occupational segregation between women and men. Studies have found that averagely, men with equal academic and training experience
Pages: 6 (1500 words), Statistics Project
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Applied Statistics For Finance & Economics
The next assumption is that only one risk factor is common among the broad-based market portfolio. This risk factor is the systematic market risk which drives non-diversifiable volatility. Investors are assumed to hold diversified portfolios, as the market does not reward investors for the bearing of diversifiable risk. Based on these, the CAPM states that if a security’s beta (coefficient) is known, then it is possible to compute the corresponding expected return.Generally, investors believe
Pages: 8 (2000 words), Statistics Project
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The effect of an economic crisis on peoples health
Interpretation: From the above QQ plots and Graphs Legacy dialogs it is observed that the straight line in the plot represents expected values when the data are normally distributed. The observed values deviate markedly from that line, especially as hce increases. The Legacy dialogs also shows that some of the outliers clearly visible, but the outliers are within a certain limits. The graph also shows that some homoscedasticity present in the data.Interpretation: From the above table it is
Pages: 12 (3000 words), Statistics Project
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Transparency in the cost of justice
From the able above, the actual liability on those seeking justice in terms of the amount of money to pay to lawyers is clearly exemplified. Those in the first column of the table would have to pay the lowest form of costs as compared to those in column 2 and 3. Those in column 2 would also have to pay more than those in column 1 but less than countries in column 3. Countries in column 3 are those that pay the highest for divorce cases where distribution of matrimonial property is not involved
Pages: 10 (2500 words), Statistics Project
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Transparency in the cost of justice
It can be seen that the lawyer cost in the instant case is common in all countries. Italy has a high lawyer cost in CA1A. Ireland, Poland, Luxembourg, Estonia, Austria, UK are comparatively cheaper in lawyer fee. Lawyers, as legal experts deal with legal costs that have a bearing on the restoration of the privileges of litigants to carry out the litigation costs. The costs are better in UK probably because of transparent court procedures. Lawyers’ fees form the most significant part of the
Pages: 10 (2500 words), Statistics Project
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DETERMINANTS OF FDI IN BRIC COUNTRIES: A PANEL DATA ANALYSIS
The variable X1 has a t-value of 10. This implies that the variable is significant to the model though it has extremities that make the t-statistic relatively high.The standard error is important in creating confidence intervals. The standard error of the GDP is 0.6008 that is lower than the corresponding coefficient of the same variable. A standard error that is lower that the coefficient implies that there is high chance the declarative hypothesis (H=0) is not valid, thus the model is
Pages: 10 (2500 words), Statistics Project
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Business Cycles - Macroeconomics
This makes sense given that in the NBER data, the average length of the business cycle is less than six years. There are some business cycles corresponding to the periods prior to 1982 when the changes in consumption expenditures were largest in terms of percentages, but on average the three-year changes in consumption expenditures hovered between a low of about 10 percent to a highs of over 55 percent. One-year gains in consumption expenditures on the other hand hovered between less than 10
Pages: 4 (1000 words), Statistics Project
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Inflation persistence
Lower persistence will reflect the ability of the existing macroeconomic policies to cater for temporary shocks in the system. On the other hand, higher persistence indicates that there is a need for the policies to be adjusted to bring the inflation rates into equilibrium. Due to this the policy makers will require a good understanding of inflation persistence in the present and the future.They will need to establish the causal relationship between the inflation rates that have been prevailing
Pages: 11 (2750 words), Statistics Project
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