Economic data analysis and modeling
Budget: $30 – $250 USD
Run the regressions of import and exports dependent on world trade, CER €/$ and €/Yuan, all variables beforehand transformed in natural logarithms (ln) and show elasticity of export and imports dependent of currency exchange rates.
Perform the below verifications
a) Economic Verification (expected signs of coefficients)
b) Statistical Verification
c) Econometric Verification
Identify the misspecifications represented by the related test statistics of 7 and offer some related interpretations.
Check the residuals of the 2 estimations, identify outliers (max. residual deviations from 0) and re-estimate the 2 equations with the inclusion of related “event-dummies”
Organize a ppt and submit the commented results of your model
more details and data will be provided before project is awarded
Perform the below verifications
a) Economic Verification (expected signs of coefficients)
b) Statistical Verification
c) Econometric Verification
Identify the misspecifications represented by the related test statistics of 7 and offer some related interpretations.
Check the residuals of the 2 estimations, identify outliers (max. residual deviations from 0) and re-estimate the 2 equations with the inclusion of related “event-dummies”
Organize a ppt and submit the commented results of your model
more details and data will be provided before project is awarded