ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Economics
Consider the following estimated model based on
quarterly data of Australian manufacturing exports
from January 2015 to December 2019.
EXP: = -5.38+0.191Y, + 0.0216FDI_+2.61t
t-1
Where EXP, Y and FDI represent manufacturing
exports (in thousand dollars), output (in thousand
dollars) and foreign direct investment (in thousand
dollars), respectively. The following is an excerpt of
the actual data. What is the predicted exports in
the fourth quarter of 2015?
Period
Y
FDI
Third quarter of 2015
57234
344
Fourth quarter of 2015
60031
385
Question 13 options:
A11478.41 thousand dollars.
B11525.50 thousand dollars.
C1151.92 thousand dollars.
D11520.17 thousand dollars.
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