Question

In: Economics

Collect and plot data for the past 20 years on the following variables characterising the Australian...

Collect and plot data for the past 20 years on the following variables characterising the Australian economy: GDP growth rates, Inflation and Unemployment Note: Please do not copy-paste graphs from online sources. You need to collect and graph your data using Excel or similar software. Reserve Bank of Australia’s website www.rba.gov.au is a good place for collecting these data series.

Solutions

Expert Solution

Data :

GDP - https://www.rba.gov.au/statistics/tables/xls/h01hist.xls?v=2020-05-15-12-53-45

Inflation - https://www.rba.gov.au/statistics/tables/xls/g03hist.xls?v=2020-05-15-12-53-45

Unemployment - https://www.rba.gov.au/statistics/tables/xls/h05hist.xls?v=2020-05-15-12-53-45

Graphs are generated in Excel

A snapshot of data in Excel :

1) GDP graph - Quarterly

2) Unemployment - Monthly

3) Inflation - Quarterly


Related Solutions

collect data exhibiting a relatively linear trend, find the line of best fit, plot the data...
collect data exhibiting a relatively linear trend, find the line of best fit, plot the data and the line, interpret the slope, and use the linear equation to make a prediction. Also find r2 (coefficient of determination) and r (correlation coefficient). Discuss your findings. Your topic may be that is related to sports, your work, a hobby, or something you find interesting.
Assume that past 100 years of data revealed that 20 tornadoes occurred in a county. Further...
Assume that past 100 years of data revealed that 20 tornadoes occurred in a county. Further assume that the wind speed due to tornadoes can be modeled by a normal random variable with a mean of 130 mph and a standard deviation of 13 mph. (a) Calculate the probability that there will be at least two tornadoes next year? (b) Suppose a building in the county is designed for wind speed of 150 mph. Calculate the probability that the building...
What past medical history data should Jeffrey identify as important to collect?
please type your answers Jeffrey is a nursing student attending a clinical experience at a university health center. Melinda, the RN preceptor, tells Jeffrey that a number of students come to the health center every semester, feeling exhausted, and exhibiting flu-like symptoms. Melinda asks Jeffrey to discuss past medical history information that would increase concern for an endocrine disorder versus exhaustion or a viral infection. What past medical history data should Jeffrey identify as important to collect? Melinda dialogues with...
For or this problem, collect data on any variables of interest (sample size for each group...
For or this problem, collect data on any variables of interest (sample size for each group of the two groups n=>30) and perform a two-sided significance test for comparing two independent population means. You can also simulate your own data. Address the following: a. A brief introductory paragraph describing the problem. b. Set up your framework in a null and alternative hypothesis using symbols and notation as they are presented in the textbook. c. A paragraph describing how you collected...
To establish the impact of population of GDP, you collect quarterly data on the two variables...
To establish the impact of population of GDP, you collect quarterly data on the two variables from the period 1980 to 2016 and obtain the following values; i=1nyi2=54163.6 ;       i=1nxi2=59.225 ; i=1nxiyi=-1491.885 ;             i=1nYi=6278; i=1nXi=199.5;    i=1nYi2=3995492;    i=1nXi2=4039.25; i=1nXiYi=111756 Using these values, you estimate the model; GDPi=β0+β1Populationi+Ui Based on the above model, derive the parameters using OLS.          [6 Marks] Using the data above, compute the estimates β0 and β1 and provide and economic interpretation.                                                                      [6 Marks       
For this problem, collect data on any variables of interest (sample size for each group of...
For this problem, collect data on any variables of interest (sample size for each group of the two groups n=>30) and perform a two-sided significance test for comparing two independent population means. You can also simulate your own data. Address the following: a. A brief introductory paragraph describing the problem. Remember that you want to think of an experiment where you’re comparing 2 independent groups, such as, for example, “the population mean speed for runners using training method A versus...
Hypothesis testing For this problem, collect data on any variables of interest (sample size for each...
Hypothesis testing For this problem, collect data on any variables of interest (sample size for each group of the two groups n=>30) and perform a two-sided significance test for comparing two independent population means. You can also simulate your own data. Address the following: A brief introductory paragraph describing the problem. Set up your framework in a null and alternative hypothesis using symbols and notation as they are presented in the textbook. A paragraph describing how you collected the data...
Suppose you were to collect data for each pair of variables. You want to make a...
Suppose you were to collect data for each pair of variables. You want to make a scatterplot. Which variable would you use as the explanatory​ variable, and which as the response​ variable? Why? What would you expect to see in the​ scatterplot? Discuss the likely direction and form. ​a) T-shirts at a​ store: price​ each, number sold. ​b) Real​ estate: house​ price, house size​ (square footage). ​c)​ Economics: interest​ rates, number of mortgage applications. ​d)​ Employees: salary, years of experience....
Following table are the data for the Australian economy (?=1.6) in four selected years. Using Okun’s...
Following table are the data for the Australian economy (?=1.6) in four selected years. Using Okun’s law, fill in the missing data in the table. Year Actual Unemployment Rate (%) Natural Unemployment Rate (%) Potential GDP Real GDP 2001 (a) 5 8000 7872 2002 5 (b) 8100 8100 2003 4 4.5 (c) 8266 2004 4 5 8250 (d)
A Guideline for Project I 1. Collect a data set with two related variables. You can...
A Guideline for Project I 1. Collect a data set with two related variables. You can create your own data set or can download a data set from a web or to use data sets that posted on project organizer. 2. Calculate descriptive statistics, i.e., mean, median and standard deviation, 3 . Estimate a regression equation for the two variables. 4. Submit a written report
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT