a) Obtain time series of real GDP and real consumption for a country of your choice. Provide details.(b) Display time-series plots and a scatterplot (put consumption on the vertical axis).(c) Convert your series to growth rates in percent, and again display time series plots.(d) For each series, ,provide summary statistics (e.g., mean, standard deviation, range, skewness, kurtosis,…).(e) Run a simple OLS linear regression in R and interpret its coefficient estimates.(f) Interpret goodness-of-fit metrics for OLS linear regression.(g) Relate R2 with correlation coefficient.Problem 2Monte Carlo experiment: Consider the following model:Yi = β1 + β2Xi + uiYou are told that β1 = 25,β2 = 0.5,σ 2 = 9, and ui ∼ N(0, 9).Assume ui ∼ N(0, 9), that is, ui are normally distributed with mean 0 and variance 9. Generate 10 sets of64 observations on ui from the given normal distribution and use the 64 observations on X given in Table 2, to generate 100 sets of the estimated β coefficients (each set will have the two estimated parameters). Takethe averages of each of the estimated β coefficients and relate them to the true values of these coefficientsgiven above. What overall conclusion do you draw?1For more information on Linear Regression check on:https://en.wikipedia.org/wiki/Linear_regression
Why Choose Us
At Acme Writers, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.
Professional Academic Writers
With Acme Writers, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.
Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.
Acme Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.
Acme Writers maintains a zero-plagiarism policy in all papers. As such, Acme Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.
Customer Support 24/7
Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@Acme Writers.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our writers complete papers strictly according to your instructions and needs, no matter what university, college, or high school you study in.
Our Homework Writing Services
Acme Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.
At Acme Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.
Admission and Business Papers
With Acme Writers, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.
Editing and Proofreading
Acme Writers has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.
Acme Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.