An economist wants to quantify the offect of olectricity prices on the real economy. By using quarterly data, ho estimated an FDL model over1950:01 - 200304 and obtained the following result:Ý = 1.2-0.007E, -0.014E,-0.019E, 2-0.024E, 3-0.038E, -0.013E, 0.006E,-0.009E, +0.006E,whereY, is the quartorly percontage change in GDP (i.e. = 100ln(GDP/GDP.) and GDP, denotes the value of quartorly gross domestic product in aneconomy.). E, is the percentage point difference between electricity prices at date t and thoir maximum value during the past 5 yearsSuppose that eloctricity prices jump 27% above their previous peak value and stay at this new higher lovel (so that E, 27 andE En2 - 0). Calculate the prodicted (percentage point) offect on output growth for each quartor over the noxt 2 yoars.(Round your responses to two decimal places.)The immediate effect on output in the current period ispercent.percentpercentpercentAfter 1 quarter -After 2 quarterAfter 3 quarter

Here, since the electricity price jump 27% above their previous peak value and stay at this new…

An economist wants to quantify the offect of olectricity prices on the real economy. By using quarterly data, he estimated an FDL model over 1950:01 - 200304 and obtained the following result Y= 1.2-0.007E,- 0.014E, -0.019E, -0.024E, -0.038E, -0.013E, 0.006E, -0.009E, +0.000E, where Y, is the quarterly percentage change in GDP (L.o, = 100ln(GDP/GDP,) and GDP, denotes the value of quarterly gross domestic product in an economy.). E, is the percentage point difference between electricity prices at date t and their maximum value during the past 5 years. Suppose that eloctricity prices jump 27% above their previous peak value and stay at this new higher lovel (so that E, 27 and E Ea 0). Calculate the predicted (percentage point) effect on output growth for each quarter over the next 2 years. Round your responses to two decimal places.) The immediate effect on output in the current period is percent fter 1 quarter Jpercent after 2 quarter percent fter 3 quarter percent

An economist wants to quantify the offect of olectricity prices on the real economy. By using quarterly data, he estimated an FDL model over 1950:01 - 200304 and obtained the following result Y= 1.2-0.007E,- 0.014E, -0.019E, -0.024E, -0.038E, -0.013E, 0.006E, -0.009E, +0.000E, where Y, is the quarterly percentage change in GDP (L.o, = 100ln(GDP/GDP,) and GDP, denotes the value of quarterly gross domestic product in an economy.). E, is the percentage point difference between electricity prices at date t and their maximum value during the past 5 years. Suppose that eloctricity prices jump 27% above their previous peak value and stay at this new higher lovel (so that E, 27 and E Ea 0). Calculate the predicted (percentage point) effect on output growth for each quarter over the next 2 years. Round your responses to two decimal places.) The immediate effect on output in the current period is percent fter 1 quarter Jpercent after 2 quarter percent fter 3 quarter percent

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

Question

An economist wants to quantify the offect of olectricity prices on the real economy. By using quarterly data, ho estimated an FDL model over
1950:01 - 200304 and obtained the following result:
Ý = 1.2-0.007E, -0.014E,-0.019E, 2-0.024E, 3-0.038E, -0.013E, 0.006E,-0.009E, +0.006E,
where
Y, is the quartorly percontage change in GDP (i.e. = 100ln(GDP/GDP.) and GDP, denotes the value of quartorly gross domestic product in an
economy.). E, is the percentage point difference between electricity prices at date t and thoir maximum value during the past 5 years
Suppose that eloctricity prices jump 27% above their previous peak value and stay at this new higher lovel (so that E, 27 and
E En2 - 0). Calculate the prodicted (percentage point) offect on output growth for each quartor over the noxt 2 yoars.
(Round your responses to two decimal places.)
The immediate effect on output in the current period is
percent.
percent
percent
percent
After 1 quarter -
After 2 quarter
After 3 quarter

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