Economic Data Analysis paper
9 pages/double spaced (2475 words)
Using your individually and anonymously assigned data set provided on the module web site in DUO as well as the guidelines and description of variables for the empirical project, estimate an appropriate demand function for the assigned data using econometric methods and interpret your results for ONE of the following:
Meat and fish Fruit and vegetables
Tea Coffee
Beer Wine
Leisure Travel
Present your statistical analysis and results using relevant tests for your models with clear explanation of the tested hypotheses and decision rules. Provide justification for your choice of regression models and demonstrate a coherent interpretation of your results with proper presentation.
The Empirical Project will be assessed as follows:
• Introduction (5 marks)
• Choice of functional forms for the regression (10 marks)
• Finding the preferred model (15 marks)
• Examination of homogeneity condition and use of Slutsky equation.
(10 marks)
• Additional tests (15 marks)
• Presentation of the preferred model (10 marks)
• Interpretation of the preferred model (10 marks)
• Discussion and comparison of the obtained results with the literature
(15 marks)
• Presentation (structure and clarity) (10 marks)
Overall word limit: 2500 words
