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(i) What are the aims of time series analysis? (1marks)
(ii) Describe what a ‘season’ is in the context of a time series and give some examples. (1 marks)
(iii) Describe the stages in obtaining a time series trend using the method of semi-averages. (1 marks)
(iv) Why must forecasts be treated with caution? (2 marks)
The table below lists the price and consumption levels of food and clothing during 2010 and 2020. Calculate a Laspeyres and Paasche index using 2010 as the base year (round your answer to three decimal points). [4] Year Prices Consumption Food Clothing Food Clothing 2010 500 300 200 85 2020 625 335 210 97
What is a component of a country's balance of
payments account?
What rewards
accrues to the factor of production
called 'capital'?
If two perfect complements a keyboard and computer are being considered and the price of only the keyboard increases then the substitute effect of the price change will be
What is normative statement
Which of the following is likely to cause Jamaica’s consumption function to shift upwards?
Which of the following is likely to cause Jamaica’s consumption function to shift upwards?
Use the Keynesian-cross diagram of desired demand and output to illustrate and explain the impact on the IS curve of a down in taxes
Each group may choose to study and analyze one of the following primary markets in Malaysia.
(1) Palm Oil market(2) Egg market (3) Passenger car market
Use the past 10 years annual data collected for your chosen market/industry to answer the following questions:(a) Briefly describe the general background of the industry. (b) List out industrial production and labor employed over the last ten years. (c) Compute the labor productivity of the industry over the last 10 years. (Note: Labor productivity = Total output / Total labor employed)
(h) Do you think firms in this market exercise considerable controlling power?
#331389 on Nov 2022