suppose you want to explore dynamics of pepper rice. Propose your empirical model and discuss estimation...

suppose you want to explore dynamics of pepper rice. Propose your empirical model and discuss estimation strategies which are going to be useful in your empirical work

Expert Solution

Indian pepper rice is a spicy recipe. There are several verities of pepper rice available in different part of India. Collecting the data regarding the places where this dishes available. The taste will differ in different places. Most in village areas they prepare this food using some different kind of spices. It will taste better than the five star dishes.
The empirical model which formed will be tasting the dishes from where the places available. Through direct questioning, make a chart of different varieties of the same recipe. Collect data the restaurant which this recipe available. Among this taking some samples which have different taste. Tried to an empirical relation between demand for the recipe and number of chefs available to cook that dish. Find a utility function from the customers who have this recipe once in a week. Comparing the trends in price of pepper rice over the last 10 years. Tried to find the availability of raw materials which need for this dish.

Rahul Sunny answered 9 months ago

Discuss the dynamics of K in solow model of growth?

Discuss the empirical framework of the Purnell Model and what are the purposes of this model.

Discuss the determinants of the choice of LPM, Probit and logit model in an econometric estimation

Consider all AUK studentsas your population, propose a statistical question, something you want to know about...

Consider all AUK studentsas your population, propose a statistical question, something you want to know about this population,and briefly describethe process of carryingout this statistical project all the way from the beginningto the end.

Using this model: propose a single model with which you can test whether: (a) the relationship...

Using this model: propose a single model with which you can test whether: (a) the relationship between population(POP) and CO2 emissions is nonlinear and quadratic; (b) the relationship between income(GNI) and CO2 emissions is nonlinear and quadratic; (c) the impacts of population and income(GNI) on CO2 emissions are different in different years; and (d) the impact of population(POP) on CO2 emissions is different at higher than at lower income levels. What does your model look like? (Hint: You will have...

Suppose you want to conduct a survey of a sample of registered at the University. Discuss...

Suppose you want to conduct a survey of a sample of registered at the University. Discuss some techniques that would be appropriate to select the sample. Discuss the advantages and disadvantages of each.

If you were able to genetically alter photosynthesis, propose what you would want to alter and...

If you were able to genetically alter photosynthesis, propose what you would want to alter and what would be the expected positives and negatives of your changes. Pick one plant (not the one you picked in question 3) to alter and explain what benefit your change would have for society

Suppose you want to buy a new car and trying to choose between two models: Model...

Suppose you want to buy a new car and trying to choose between two models: Model A: costs $17,000 and its gas mileage is 20 miles per gallon and its insurance is $200 per year. Model B: costs $25,000 and its gas mileage is 35 miles per gallon and its insurance is $400 per year. If you drive approximately 40,000 miles per year and the gas costs $3 per gallon: Find a formula for the total cost of owning Model...

Suppose you want to model the linear relationship between calories and total fat in 8 randomly...

Suppose you want to model the linear relationship between calories and total fat in 8 randomly selected McDonalds breakfast items. The following table lists the item, that item’s number of calories and the total fat: Item McMuffin Bacon Egg & Cheese Bagel Big Breakfast Cinnamon Melts Egg White Delight Fruit & Oatmeal Sausage Biscuit Steak & Egg McMuffin Calories (x) 300 620 640 460 250 290 430 430 Total Fat (y) 13 31 37 19 8 4 27 23 (4...

Explain the rationale behind the Arbitrage Pricing Theory (APT) model, and discuss its empirical evidence that...

Explain the rationale behind the Arbitrage Pricing Theory (APT) model, and discuss its empirical evidence that tests its validity

Question