Introductory econometrics.

introductory econometrics

(Textile and textile persis ten-spotce)

Q1:

Present your data in a table self-aggrandizing precise definitions and sources for each variable plus brief footnote

on some(prenominal) methods you had to used to construct your variables.

QDD

(£m)POPN

(k)P-PRICE R-PRICE gross domestic product

(£m)QTYPCTA RELPRICE INCPCPA DUMMY

514056,330100.066.8229,5830.911.497061.01320

491856,357104.574.8252,2440.841.463959.83720

506856,298110.481.2275,8510.821.453260.34280

543956,328116.484.9301,5240.831.465363.05071

614056,432123.189.2323,0980.881.480964.18651

664856,567129.694.6354,2290.911.473666.19571

678856,699135.497.8380,5970.881.486768.63591

757156,850141.8101.9418,2210.941.481872.19401

793056,970149.3106.9466,5200.931.476176.60311

794257,248156.2115.2511,8890.891.428077.61811

764857,436164.0126.1554,4860.811.380776.55811

738457,472174.5133.5582,9460.741.374575.97851

754457,593180.2138.5606,5820.731.371176.



04491

Annual expect for textile and textile industry 1980-1992

QDD: Annual Demand for Good Y (textile and textile industry)

POPN: Population

P-PRICE: manufacturer expense for textile and textile industry; all converted to base 1980 hurt as 100

R-PRICE: Retail price for all Goods; all Converted to base Jan 1987 price as 100

gross domestic product: GDP at current price

QTYPCTA: Per Capita Consumption of Good Y

(Total Demand for Goods in money term/ Producer wrong / Population)

RELPRICE: Relative footing ( manufacturer price/ retail price)

INCPCPA: Real Income per Capita (GDP at current price/retail price/population)

DUMMY: Dummy Variable (1 for last ten years; 0 for the rests)

This is the annual demand table for textile and tixtile industry from 1980 to 1992, as relative figures after 1992 could not be found in Annual Abstracts of Statistics of the U.K. (I got he agreement from Dr surface-to-air missile Cameron that I can reduce my year)

P.S. 1. The data for annual demand for Good Y in annual abstract is describe in money term, so it

is divided by the producer price to get the unit term data.

2. Relative Price is the price of Good Y as ratio of Price of other Goods, so it is calculated as

producer price /retail price.

3. GDP (at current price) is divided by retail price to disapprove the effect of inflation.

Q2.1

The estimated equation goes as followed:

Y=b0+b1X1t+b2X2t-b3X3t+Ut

qtypcta = 0.08619 + 0.642relprice - 0.00236incpcta+ 0.05781dummy + Ut

Q2.2

Present your results...

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