Question
Econometrics Project Guidelines This is an individual assignment. You are required to use an econometric model (regression analysis) (20 points, see below) and a separate
Econometrics Project Guidelines This is an individual assignment. You are required to use an econometric model (regression analysis) (20 points, see below) and a separate forecasting technique (such as moving average or exponential smoothing) for sales forecast (5 points). The results of the regression analysis must include (20 points): An executive summary of the outcomes. (1 points) Information supporting the choice of the variables, including the socio-economic variables (i.e., justification for model specification). (3 points) Provide details concerning the model development and data acquired. (2 points) Estimation of the regression model. (4 points) Test the statistical significance of the estimated coefficients. (4 points) Interpretation of the estimated coefficient results with implications to business policy. (3 points) Estimation and interpretation of the elasticities and their implications for pricing strategy. (3 points)
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