econometrics: Consumer Price Functions [STATA software]
Briefing: Axioms restraint the Consumer Price Inspect is serene restraint the Bureau of Labor Statistics by the U.S. Census Bureau. The Consumer Price Inspect is leading owing it is the singly Federal inspect that provides referableification on the finished rove of consumers’ prices and incomes, as well-mannered-mannered as the characteristics of those consumers.
It is reasond by economic prudencemakers examining the impression of prudence changes on economic groups, by the Census Bureau as the spring of thresholds restraint the Supplemental Poverty Measure, by businesses and academic researchers studying consumers’ spending morality and trends, by other Federal agencies, and, may-be most leadingly, to frequently amend the Consumer Price Index market basket of property and services and their referable-absolute moment.
The coursework should involve a climax of 2000 utterance (notwithstanding tables and allusions). There is no 10% room conducive on the promise compute. The promise compute MUST be comprised on the coursework.
Using the Consumer Price Inspect (CES) axiomsestablished (conducive in STATA axiomssets folder on Moodle), you are required to indicate and venerate a consumer price functions copy using the price mutable “SHEL” as your price sort of attention, i.e. the regressand. (in denomination of the axioms established refine)
Start by explaining the presumptive copy you bear clarified and vindicate the rare of mutables comprised in the copy by making allusion to the literary-works. The venerated return output must be interpreted and statistically analysed.
Any problems that appear must be highlighted and, where likely, addressed. The return results, coincidently with the denomination of the axioms reasond, must be distinctly shown in tables. All mutables reasond must be distinctly defined and applicable axioms springs must be acknowledged.
Your consumer price equation should be presented in the restraintm of an disquisition with supported tables comprised in the deep whole of the disquisition.
The disquisition should referable achieve 2 000 utterance (notwithstanding the gratified of tables and allusions). There is no 10% room conducive on the promise compute.
– using at last span copys to anaylsis and collate,
– reform reason of Harvard referencing;
– provides a imperfect preface on consumer price functions and the literary-works that has been reviewed demand to add to the disquisition question
– Demand to proof the copy and mutables and mutables should significant
– demand to interpreted the return output reformly
– proofed: heteroscedasticity, demonstration errors or multicollinearity