ECOM20001 Intro Econometrics Assignment 1

This assignment is evaluated for a total of 30 marks. It is
worth 10% of your final mark. No late

assignments will be accepted. Please submit it electronically
using from LMS. This is an individual

project each person is expected to do their own assignment.
It is due by 1pm on Friday the 28th of April.

Make sure to use the table below to record your name and
student id, your tutor’s name and tutorial

time/location.

This assignment has two parts the first is worth 10 marks and
the second is worth 20. The first is

a question taken from last year’s final examination. The
second requires that you use the data

(UN_HDI.wf1)for the assignment to perform some estimation and
interpretation.

Please limit your total response to no more than 10 A4 pages.
You may cut and paste the Eviews

output in your file. In most cases any figures will probably
need to be reduced in size. Make sure to

keep a copy of what you submit and include your full name, ID
number, your tutor’s name, the

time/day/location of your tutorial as shown below:

Name ID number Tutor 1/3 Tutorial day &

time Tutorial

location ECOM20001 1. Intro Econometrics Semester 1, 2017
Question from last year’s exam (10 marks total)

Show all your workings in answering these questions. 1.

Two specifications of an equation that explains the
expenditures per adult on EGMs (pokies) for

the fiscal year 2012/2013 (exp_per_adult) in terms of the
number of EGMs per 1000 adults in 2013

(EGM) and the unemployment rate (unemployed) for a sample of
70 towns in Victoria, Australia were

estimated. The results are reported in Table 1 with standard
errors in parentheses.

Table 1 The estimated parameters and standard errors for the
two specifications

ExplanatoryVariables

Constant

EGM

EGM2

unemployed R 2 Specification 1:

-108.06 (67.527)

44.87 (7.430)

56.98 (10.677)

0.542 Specification 2:

-218.83 (75.725)

99.71 (20.972)

-3.71 (1.334)

45.36 (11.004)

0.583 Questions:

1.a.(2 marks)

1.b(2 marks) Discuss which specification you prefer. In your
discussion you must use the

results of at least two criteria.

Estimate the expenditures per capita of 200 EGM per 100
people on the predicted

exp_per_adult for specification 1. 1.c(2 marks) Estimate the
expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 2. 1.d. (2 marks) From
specification 2, what can we conclude about the returns to scale of
more

EGMs? 1.e. (2 marks) From specification 2, how many EGMs per
capita would there have to be in a town

to have negative returns to scale? 2/3 ECOM20001 2. Intro
Econometrics Semester 1, 2017 The Productive and Fair
Econometrician (20 marks total) Recently the United Nation
Development Programme released their latest Human Development

Report. In this assignment you are asked to run some
regressions to determine the influence of various

measures of human development such as measures of education
and health, inequality and economic

activity to examine the relationship between some of these
measures. In order to perform this analysis a

selection of data from the World Bank was combined with the
UN data is contained in UN_HDI.wf1.2

1 Table 2. Descriptive statistics for variables in UN_HDI.wf1

mnemonic

ARTICLES

CO2

EN_SEC

EN_TER

EQ_MATH

EQ_READING

EQ_SCIENCE

EQ_SEC

FER_2010

GDP_CAP

GR_HDI

HDI

HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is
worth 10% of your final mark. No late

assignments will be accepted. Please submit it electronically
using from LMS. This is an individual

project each person is expected to do their own assignment.
It is due by 1pm on Friday the 28th of April.

Make sure to use the table below to record your name and
student id, your tutor’s name and tutorial

time/location.

This assignment has two parts the first is worth 10 marks and
the second is worth 20. The first is

a question taken from last year’s final examination. The
second requires that you use the data

(UN_HDI.wf1)for the assignment to perform some estimation and
interpretation.

Please limit your total response to no more than 10 A4 pages.
You may cut and paste the Eviews

output in your file. In most cases any figures will probably
need to be reduced in size. Make sure to

keep a copy of what you submit and include your full name, ID
number, your tutor’s name, the

time/day/location of your tutorial as shown below:

Name ID number Tutor 1/3 Tutorial day &

time Tutorial

location ECOM20001 1. Intro Econometrics Semester 1, 2017
Question from last year’s exam (10 marks total)

Show all your workings in answering these questions. 1.

Two specifications of an equation that explains the
expenditures per adult on EGMs (pokies) for

the fiscal year 2012/2013 (exp_per_adult) in terms of the
number of EGMs per 1000 adults in 2013

(EGM) and the unemployment rate (unemployed) for a sample of
70 towns in Victoria, Australia were

estimated. The results are reported in Table 1 with standard
errors in parentheses.

Table 1 The estimated parameters and standard errors for the
two specifications

ExplanatoryVariables

Constant

EGM

EGM2

unemployed R 2 Specification 1:

-108.06 (67.527)

44.87 (7.430)

56.98 (10.677)

0.542 Specification 2:

-218.83 (75.725)

99.71 (20.972)

-3.71 (1.334)

45.36 (11.004)

0.583 Questions:

1.a.(2 marks)

1.b(2 marks) Discuss which specification you prefer. In your
discussion you must use the

results of at least two criteria.

Estimate the expenditures per capita of 200 EGM per 100
people on the predicted

exp_per_adult for specification 1. 1.c(2 marks) Estimate the
expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 2. 1.d. (2 marks) From
specification 2, what can we conclude about the returns to scale of
more

EGMs? 1.e. (2 marks) From specification 2, how many EGMs per
capita would there have to be in a town

to have negative returns to scale? 2/3 ECOM20001 2. Intro
Econometrics Semester 1, 2017 The Productive and Fair
Econometrician (20 marks total) Recently the United Nation
Development Programme released their latest Human Development

Report. In this assignment you are asked to run some
regressions to determine the influence of various

measures of human development such as measures of education
and health, inequality and economic

activity to examine the relationship between some of these
measures. In order to perform this analysis a

selection of data from the World Bank was combined with the
UN data is contained in UN_HDI.wf1.2

1 Table 2. Descriptive statistics for variables in UN_HDI.wf1

mnemonic

ARTICLES

CO2

EN_SEC

EN_TER

EQ_MATH

EQ_READING

EQ_SCIENCE

EQ_SEC

FER_2010

GDP_CAP

GR_HDI

HDI

HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is
worth 10% of your final mark. No late

assignments will be accepted. Please submit it electronically
using from LMS. This is an individual

project each person is expected to do their own assignment.
It is due by 1pm on Friday the 28th of April.

Make sure to use the table below to record your name and
student id, your tutor’s name and tutorial

time/location.

This assignment has two parts the first is worth 10 marks and
the second is worth 20. The first is

a question taken from last year’s final examination. The
second requires that you use the data

(UN_HDI.wf1)for the assignment to perform some estimation and
interpretation.

Please limit your total response to no more than 10 A4 pages.
You may cut and paste the Eviews

output in your file. In most cases any figures will probably
need to be reduced in size. Make sure to

keep a copy of what you submit and include your full name, ID
number, your tutor’s name, the

time/day/location of your tutorial as shown below:

Name ID number Tutor 1/3 Tutorial day &

time Tutorial

location ECOM20001 1. Intro Econometrics Semester 1, 2017
Question from last year’s exam (10 marks total)

Show all your workings in answering these questions. 1.

Two specifications of an equation that explains the
expenditures per adult on EGMs (pokies) for

the fiscal year 2012/2013 (exp_per_adult) in terms of the
number of EGMs per 1000 adults in 2013

(EGM) and the unemployment rate (unemployed) for a sample of
70 towns in Victoria, Australia were

estimated. The results are reported in Table 1 with standard
errors in parentheses.

Table 1 The estimated parameters and standard errors for the
two specifications

ExplanatoryVariables

Constant

EGM

EGM2

unemployed R 2 Specification 1:

-108.06 (67.527)

44.87 (7.430)

56.98 (10.677)

0.542 Specification 2:

-218.83 (75.725)

99.71 (20.972)

-3.71 (1.334)

45.36 (11.004)

0.583 Questions:

1.a.(2 marks)

1.b(2 marks) Discuss which specification you prefer. In your
discussion you must use the

results of at least two criteria.

Estimate the expenditures per capita of 200 EGM per 100
people on the predicted

exp_per_adult for specification 1. 1.c(2 marks) Estimate the
expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 2. 1.d. (2 marks) From
specification 2, what can we conclude about the returns to scale of
more

EGMs? 1.e. (2 marks) From specification 2, how many EGMs per
capita would there have to be in a town

to have negative returns to scale? 2/3 ECOM20001 2. Intro
Econometrics Semester 1, 2017 The Productive and Fair
Econometrician (20 marks total) Recently the United Nation
Development Programme released their latest Human Development

Report. In this assignment you are asked to run some
regressions to determine the influence of various

measures of human development such as measures of education
and health, inequality and economic

activity to examine the relationship between some of these
measures. In order to perform this analysis a

selection of data from the World Bank was combined with the
UN data is contained in UN_HDI.wf1.2

1 Table 2. Descriptive statistics for variables in UN_HDI.wf1

mnemonic

ARTICLES

CO2

EN_SEC

EN_TER

EQ_MATH

EQ_READING

EQ_SCIENCE

EQ_SEC

FER_2010

GDP_CAP

GR_HDI

HDI

HDI_VALUE

assignments will be accepted. Please submit it electronically
using from LMS. This is an individual

project each person is expected to do their own assignment.
It is due by 1pm on Friday the 28th of April.

Make sure to use the table below to record your name and
student id, your tutor’s name and tutorial

time/location.

This assignment has two parts the first is worth 10 marks and
the second is worth 20. The first is

a question taken from last year’s final examination. The
second requires that you use the data

(UN_HDI.wf1)for the assignment to perform some estimation and
interpretation.

Please limit your total response to no more than 10 A4 pages.
You may cut and paste the Eviews

output in your file. In most cases any figures will probably
need to be reduced in size. Make sure to

keep a copy of what you submit and include your full name, ID
number, your tutor’s name, the

time/day/location of your tutorial as shown below:

Name ID number Tutor 1/3 Tutorial day &

time Tutorial

location ECOM20001 1. Intro Econometrics Semester 1, 2017
Question from last year’s exam (10 marks total)

Show all your workings in answering these questions. 1.

Two specifications of an equation that explains the
expenditures per adult on EGMs (pokies) for

the fiscal year 2012/2013 (exp_per_adult) in terms of the
number of EGMs per 1000 adults in 2013

(EGM) and the unemployment rate (unemployed) for a sample of
70 towns in Victoria, Australia were

estimated. The results are reported in Table 1 with standard
errors in parentheses.

Table 1 The estimated parameters and standard errors for the
two specifications

ExplanatoryVariables

Constant

EGM

EGM2

unemployed R 2 Specification 1:

-108.06 (67.527)

44.87 (7.430)

56.98 (10.677)

0.542 Specification 2:

-218.83 (75.725)

99.71 (20.972)

-3.71 (1.334)

45.36 (11.004)

0.583 Questions:

1.a.(2 marks)

1.b(2 marks) Discuss which specification you prefer. In your
discussion you must use the

results of at least two criteria.

Estimate the expenditures per capita of 200 EGM per 100
people on the predicted

exp_per_adult for specification 1. 1.c(2 marks) Estimate the
expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 2. 1.d. (2 marks) From
specification 2, what can we conclude about the returns to scale of
more

EGMs? 1.e. (2 marks) From specification 2, how many EGMs per
capita would there have to be in a town

to have negative returns to scale? 2/3 ECOM20001 2. Intro
Econometrics Semester 1, 2017 The Productive and Fair
Econometrician (20 marks total) Recently the United Nation
Development Programme released their latest Human Development

Report. In this assignment you are asked to run some
regressions to determine the influence of various

measures of human development such as measures of education
and health, inequality and economic

activity to examine the relationship between some of these
measures. In order to perform this analysis a

selection of data from the World Bank was combined with the
UN data is contained in UN_HDI.wf1.2

1 Table 2. Descriptive statistics for variables in UN_HDI.wf1

mnemonic

ARTICLES

CO2

EN_SEC

EN_TER

EQ_MATH

EQ_READING

EQ_SCIENCE

EQ_SEC

FER_2010

GDP_CAP

GR_HDI

HDI

HDI_VALUE

assignments will be accepted. Please submit it electronically using from LMS. This is an individual

project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.

Make sure to use the table below to record your name and student id, your tutor’s name and tutorial

time/location.

This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is

a question taken from last year’s final examination. The second requires that you use the data

(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.

Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews

output in your file. In most cases any figures will probably need to be reduced in size. Make sure to

keep a copy of what you submit and include your full name, ID number, your tutor’s name, the

time/day/location of your tutorial as shown below:

Name ID number Tutor 1/3 Tutorial day &

time Tutorial

location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)

Show all your workings in answering these questions. 1.

Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for

the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013

(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were

estimated. The results are reported in Table 1 with standard errors in parentheses.

Table 1 The estimated parameters and standard errors for the two specifications

ExplanatoryVariables

Constant

EGM

EGM2

unemployed R 2 Specification 1:

-108.06 (67.527)

44.87 (7.430)

56.98 (10.677)

0.542 Specification 2:

-218.83 (75.725)

99.71 (20.972)

-3.71 (1.334)

45.36 (11.004)

0.583 Questions:

1.a.(2 marks)

1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the

results of at least two criteria.

Estimate the expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted

exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more

EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town

to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development

Report. In this assignment you are asked to run some regressions to determine the influence of various

measures of human development such as measures of education and health, inequality and economic

activity to examine the relationship between some of these measures. In order to perform this analysis a

selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2

1 Table 2. Descriptive statistics for variables in UN_HDI.wf1

mnemonic

ARTICLES

CO2

EN_SEC

EN_TER

EQ_MATH

EQ_READING

EQ_SCIENCE

EQ_SEC

FER_2010

GDP_CAP

GR_HDI

HDI

HDI_VALUE

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