Time Series For this activity, select a recurring quantity from your own life for which you...
Time Series For this activity, select a recurring quantity from your own life for which you have monthly records at least 2 years. This might be the cost of a utility bill, the number of cell phone minutes used, or even your income. If you do not have access to such records, use the internet to find similar data, such as average monthly housing prices, rent prices in your area for at least 2 years. Data can also be monthly sales of some particular commodity. 1. Which methods in our Chapter TIME SERIES might apply to your data? Does there appear to be a seasonal component affecting the data? If so, can you explain the seasonal effect in simple terms? 2. Use methods you learned to predict the value of your quantity for the next year. Be prepared to defend your choice if methods.
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Time Series For this activity, select a recurring quantity from
your own life for which you...
Part 1 Drawing on your experience in viewing time series visualizations, which of graph types do...
Part 1 Drawing on your experience in viewing time series visualizations, which of graph types do you find most useful or easiest to understand? (Provide a web link to a static time series visualization that you think is well constructed.) How can the addition of an interactive component (such as a linked time interval, time-interval slider, or time-point slider) add to a time series visualization? (Provide a web link to an interactive time series visualization that you think is well...
What type of data is this? Select one: cross-sectional, time-series, panel data. 1)You are trying to...
What type of data is this? Select one: cross-sectional, time-series, panel data. 1)You are trying to save money for a new car and you decided to start recording your spending over time to figure out how you can do it. 2)US Government tracks health care spending as a percent of GDP over time. 3) Undergraduate student advisor keeps records of all athlete students over the course of 4 years in UIC. 4) CNN conducted a poll to find out whether...
Answer the following fundamental questions for each time series (exercise 1-10): i. What is measured? (definition...
Answer the following fundamental questions for each time series
(exercise 1-10):
i. What is measured? (definition of the time series)
ii. How is it measured? (measurement units)
iii. What is the periodicity? (frequency of the series)
iv. What are the dominant features of the time series? (trends,
non-seasonal cycles, seasonal cycles)
We were unable to transcribe this image18 CHAPTER 1 Introduction and Context FIGURE E.2 Saving Rate (%). Monthly Data 1988/ ,m/i 01-2008/02 4 0 -2 01-88 01-90 01-92 01-94...
For your chosen phenomenon, conduct an economic analysis bearing in mind the purpose and remit of this course. An introduction should typically outline the phenomenon you have chosen and highlight its...
For your chosen phenomenon, conduct an economic analysis bearing in mind the purpose and remit of this course. An introduction should typically outline the phenomenon you have chosen and highlight its significance. You may present some data to illustrate the phenomenon. Good economic analysis entails identifying (1) the various aspects of the exchange process (the market, the agents involved, the equilibrium outcome), (2) the factors that can affect market outcomes over time and (3) the welfare implications of the exchange...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly...
The local BMW dealer offers to sell you the new 7 series vehicle for 60 monthly payments of $735 (first payment 30 days from now). Given your FICO credit rating of 555 the BMW credit manager states the interest rate on this loan will be 6.5% per annum or .5416% monthly. At the time you sign the loan documents what “value” are you paying for the BMW? After purchasing the BMW, you tell Sally about the great deal you received...
Answer the following fundamental questions for each time series
(exercise 1-10):
i. What is measured? (definition of the time series)
ii. How is it measured? (measurement units)
iii. What is the periodicity? (frequency of the series)
iv. What are the dominant features of the time series? (trends,
non-seasonal cycles, seasonal cycles)
We were unable to transcribe this image18 CHAPTER 1 Introduction and Context FIGURE E.2 Saving Rate (%). Monthly Data 1988/ ,m/i 01-2008/02 4 0 -2 01-88 01-90 01-92 01-94...
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