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    14oct S2 BF OM401

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    VIPUL TUTEJA
    This document provides instructions for two business forecasting assignments involving linear regression analysis in EViews. The first assignment involves analyzing unemployment rate and compensation data for India, USA, and Bangladesh from 1980-1999. Students are asked to identify relationships, assumptions, estimate models for each country, analyze results, identify any residual issues, pool the observations, and select an appropriate model. The second assignment provides consumption and economic indicator data for India from 1960-1982. Students are asked to transform the demand function into linear form, estimate coefficients, test correlations, reconstruct an alternative model, select the best model, and test and address any autocorrelation.

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    14oct S2 BF OM401

    Uploaded by

    VIPUL TUTEJA
    28 views2 pages
    This document provides instructions for two business forecasting assignments involving linear regression analysis in EViews. The first assignment involves analyzing unemployment rate and compensation data for India, USA, and Bangladesh from 1980-1999. Students are asked to identify relationships, assumptions, estimate models for each country, analyze results, identify any residual issues, pool the observations, and select an appropriate model. The second assignment provides consumption and economic indicator data for India from 1960-1982. Students are asked to transform the demand function into linear form, estimate coefficients, test correlations, reconstruct an alternative model, select the best model, and test and address any autocorrelation.

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    This document provides instructions for two business forecasting assignments involving linear regression analysis in EViews. The first assignment involves analyzing unemployment rate and compensation data for India, USA, and Bangladesh from 1980-1999. Students are asked to identify relationships, assumptions, estimate models for each country, analyze results, identify any residual issues, pool the observations, and select an appropriate model. The second assignment provides consumption and economic indicator data for India from 1960-1982. Students are asked to transform the demand function into linear form, estimate coefficients, test correlations, reconstruct an alternative model, select the best model, and test and address any autocorrelation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views2 pages

    14oct S2 BF OM401

    Uploaded by

    VIPUL TUTEJA
    This document provides instructions for two business forecasting assignments involving linear regression analysis in EViews. The first assignment involves analyzing unemployment rate and compensation data for India, USA, and Bangladesh from 1980-1999. Students are asked to identify relationships, assumptions, estimate models for each country, analyze results, identify any residual issues, pool the observations, and select an appropriate model. The second assignment provides consumption and economic indicator data for India from 1960-1982. Students are asked to transform the demand function into linear form, estimate coefficients, test correlations, reconstruct an alternative model, select the best model, and test and address any autocorrelation.

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    JAIPURIA INSTITUTE OF MANAGEMENT, NOIDA

    PGDM / PGDM (M) / PGDM (SM)


    IVth TRIMESTER (Batch_2021)
    END TERM EXAMINATIONS

    Course Name Business Forecasting Course Code OM401


    Max. Time 2 hours Max. Marks 40 MM

    INSTRUCTIONS: Open Book Exam


    Attempt all questions Each question carries 20 marks
    Solve the questions in eviews software and attempt the questions asked below each datasets provided in
    excel.

    1. Table 1 gives data on the civilian unemployment rate Y (%) and manufacturing hourly compensation
    in US dollars X (index, 1992=100) for India, USA, and Bangladesh for the period of 1980-1999.

    Table 1
    India USA Bangladesh
    Observati Compensati Unemploym Compensa Unemploym Compensati Unemploym
    ons on, $/hour ent rate (%) tion $/hour ent rate (%) on, $/hour ent rate (%)
    1980 55.6 7.1 49 7.2 43.7 7
    1981 61.1 7.6 54.1 7.3 44.1 10.5
    1982 67 9.7 59.6 10.6 42.2 11.3
    1983 68.8 9.6 63.9 11.5 39 11.8
    1984 71.2 7.5 64.3 10.9 37.2 11.7
    1985 75.1 7.2 63.5 10.2 39 11.2
    1986 78.5 7 63.3 9.2 47.8 11.2
    1987 80.7 6.2 88 8.4 60.2 10.3
    1988 84 5.5 76 7.3 68.3 8.6
    1989 86.6 5.3 84.1 7 67.7 7.2
    1990 90.8 5.6 91.5 7.7 81.7 6.9
    1991 95.6 6.8 100.1 9.8 90.5 6.8
    1992 100 7.5 100 10.6 100 8.8
    1993 102.7 6.9 95.5 10.7 88.7 10.1
    1994 105.6 6.1 91.7 9.4 92.3 10.5
    1995 107.9 5.6 93.3 8.5 95.9 9.7
    1996 109.3 5.4 93.1 8.7 95.6 8.7
    1997 111.4 4.9 94.4 8.2 103.3 7
    1998 117.3 4.5 90.6 7.5 109.8 6.3
    1999 123.2 4 91.9 5.7 112.2 6.1

    a) A priori identify the relationship between X and Y. List reasons for the same. (2 marks)
    b) Discuss the assumptions of OLS model. (2 marks)
    c) Apply linear regression and estimate the model for each country. (3 marks)
    d) Analyze and interpret the results derived in the above step. (3 marks)
    e) Identify the problem in the residuals (if any). (3 marks)
    f) Develop a model after pooling all 60 observations. Formulate the new equations. (4 marks)
    g) Compare FEM with REM model. Select the appropriate model? Justify your answer. (3 marks)

    2. Consider the demand function Y = β 1X2β2X3β3X4β4X5β5 for the following data.


    Year Per capita Real Real retail Retail price of Retail price of Weighted
    consumption disposable price of atta rice per lb millet per lb average retail
    of atta lb (Y) income per per lb (X3) (X4) (X5) price of atta
    capita (X2) substitutes
    per lb (X6)
    1960 27.8 397.5 42.2 50.7 78.3 65.8
    1961 29.9 413.3 38.1 52.0 79.2 66.9
    1962 29.8 439.2 40.3 54.0 79.2 67.8
    1963 30.8 459.7 39.5 55.3 79.2 69.6
    1964 31.2 492.9 37.3 54.7 77.4 68.7
    1965 33.3 528.6 38.1 63.7 80.2 73.6
    1966 35.6 560.3 39.3 69.8 80.4 76.3
    1967 36.4 624.6 37.8 65.9 83.9 77.2
    1968 36.7 666.4 38.4 64.5 85.5 78.1
    1969 38.4 717.8 40.1 70.0 93.7 84.7
    1970 40.4 768.2 38.6 73.2 106.1 93.3
    1971 40.3 843.3 39.8 67.8 104.8 89.7
    1972 41.8 911.6 39.7 79.1 114.0 100.7
    1973 40.4 931.1 52.1 95.4 124.1 113.5
    1974 40.7 1,021.5 48.9 94.2 127.6 115.3
    1975 40.1 1,165.9 58.3 123.5 142.9 136.7
    1976 42.7 1,349.6 57.9 129.9 143.6 139.2
    1977 44.1 1,449.4 56.5 117.6 139.2 132.0
    1978 46.7 1,575.5 63.7 130.9 165.5 132.1
    1979 50.6 1,759.1 61.6 129.8 203.3 154.4
    1980 50.1 1,994.2 58.9 128.0 219.6 174.9
    1981 51.7 2,258.1 66.4 141.0 221.6 180.8
    1982 52.9 2,478.7 70.4 168.2 232.6 189.4
    a. Transform the equation to a linear form. (2 mark)
    b. Estimate the regression coefficients of the transformed equation. (3 marks)
    c. Would you reject the hypothesis that there is no correlation between Y and any of the X variables?
    Defend your action. (3 marks)
    d. Now consider the demand function, Y = β1X 2β2X3β3X6β6. Reconstruct and Estimate the new regression
    equation (no need to provide the interval estimates). (4 marks)
    e. Would you choose this equation or the earlier one? (4 marks)
    f. Test for autocorrelation in the equation you selected. Suggest the ways to remove it (if present). (4
    marks)

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