aisync
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How do I calculate price elasticity of demand using historical price and quantity data?
5 votes

You've fallen into a really common pitfall -- the spurious regression. The parameters you chose to include can't be chosen 'willy nilly' by throwing data into a regress command. Ultimately this can't ...

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Errata for Wooldridge graduate econometrics book
1 votes

I know I've referenced that text before so I ran a quick search. Here's the instructor's solution manual. Wooldridge Instructor Edition - Cross Section & Panel

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Growth theory / Initial GDP: positive coefficient sign
0 votes

If I understand your question... This would be something best handled by closely looking at your residuals. Your unobserved variation is the single most important statistical insight when it comes ...

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what is the difference between microeconomics and microfinance?
0 votes

So they’re actually quite easily distinguishable. For the purposes of discussion it’s more important that you understand the framework of microeconomics. Historically speaking we just had broad ...

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If 1% of the solar energy of the Sahara can power the entire world, why isn't it happening?
0 votes

Economics/Politics both Whoever pays isn't going to do that sorta thing to then only give it up for LESS than optimal profit. I mean it's power. Whether you're talking about electricity or oil -- ...

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Philosophy books for decision theory and economics idea
Accepted answer
0 votes

May I ask your level of education? If you're an undergraduate student just getting going in the field -- keep these thoughts you have in mind but don't dwell on them yet. I was like you and saw the ...

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What is the best example social norm effect economy?
-1 votes

Well, it sounds like the paper is drawing a conclusion between behavioral responses towards energy consumption when they're shown public averages. There's a problem with that paper -- unless it ...

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