Econometrics

1. INTRODUCTION ESTIMATING AUTO INSURANCE PREMIUM USING GENERALISED LINEAR MODELS 1.1 BACKGROUND INFORMATION AND PROBLEM STATEMEENT The basic role of insurance is to pool fortuitous losses together, provide financial protection, offering a means of transferring the risk of losses in exchange of an insurance premium. Insured’s pose varying level of risks to an insurer. It is rational that the rates charged correspond to individual risk levels. The non-uniform rates charged…

methodological contribution is to illustrate how one goes about constructing dynamic, stochastic general equilibrium models to shed light on questions of substantive economic interest. In order to test the proposition that where nominal aggregate demand shocks are highly volatile the effect of any particular nominal aggregate demand shock is less, Lucas got data on nominal and real output/ expenditure covering the years 1951-1967 for 18 countries. He then assumed that, for each country, the mean…

Introduction It is agreed that the influential Mudell-Fleming model and the Dornbusch overshooting model play significant roles in practical monetary policies for more than thirty years. Nowadays these significant economic models are still the fundamental theories to build up the monetary policy and to interpret the functions of modern monetary expansion in macroeconomics. However, in view of dynamical complication of the foreign exchange rates, the behaviour of exchange rates still could not…

3.5 Analytical Methods 3.5.1 Characterization of smallholder apiarists Descriptive statistics were used to determine the mean difference of socio-economic characteristics between the apiarists. The variables considered were; age of household head (measured in years), gender (given by the sex of household head (male=1, female=0), education level of household head (number of years of formal education attained by the household head). Others were: farming experience (measured number of years in…

QUESTION ONE Identify and discuss any five microeconomic drivers of economic growth.  Efficiency This is when available resources are used to a maximum potential and wasting is not an option. This occurs when they are skilled and resource conscious people are involved in manufacturing process.  Equity This takes places when resources, income and wealth are sincerely and equally distributed within a community or state. This is a result of fair and followed principles, regulations, stable…

critical component of biological modeling at many levels in a wide range of systems. The fundamental axioms of the quantum paradigm in physics are, by definition, essentially stochastic. Economics uses the randomness in human thought to create econometric models that business models can use to optimize their decisions. Traffic flow applications use Poisson distributions as a critical component of their models. It is difficult to imagine a scientific discipline that does not use randomness as a…

students will not have any work experiences. According to Kalenkoski, Charlene, Jun2013, states that if the minimum wage changes then it could affect teen employment and the teen would not be higher in most places. The authors say employ spatial econometrics techniques and annual averages data from the US Bureau of Labor Statistics to examine how changes in the minimum wage affect teen employment throughout the states. Besides this, the authors find a combined direct and indirect effect of…

4.4.3 Hypothesis 03 H3: Activity mix impacts negatively on profit. The activity mix significant value is 0.846 with BOC’s profitability, it is not statistically significant. Therefore there is no evidence to accept the H3 and researcher accept null hypothesis. Fee income generating banks are more likely to have a negative impact on banks’ profitability, reflecting more intense of competition on national and international basis. Therefore when BOC shifts from interest bearing to non -interest…

Qualifications Supplement (444a) 1. Why did you choose your major and what was your GPA? (Please provide GPA for major as well as overall GPA) I have a passion for asking important questions and developing methods to solve issues. My chosen PhD major, Public Affairs, provided me with an opportunity to fulfil this passion and gain knowledge and expertise in topics related to public administration, management and policy. I also have a passion for finding the best practical and programmatic…

Introduction Robotic surgery is being implemented into the hospitals around the world. We are seeing a change in medicine of the use of robotics for improving overall patient care. Have you ever wondered how does robotic surgery truly affect us? A few issues being discussed are the social, cultural, political, and including economic and environmental impact. After gaining full insight on the impact of this analysis you will have an understanding and appreciation to the positive advantages,…