Indicate if the following data sets represent time- series, cross section or panel data. а- Number of cars sold in North Cyprus between the years 1955 and 1970. b- Inflation rate of the EU members between the years 2000 and 2012. C- Population of the cities of Turkey in 2012.
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- The number of users of a certain website (in millions) from 2004 through 2011 follows. Year Period Users (Millions) 2004 1. 2005 2 2006 11 2007 4 57 2008 146 2009 6. 359 2010 7 609 2011 846 (a) Construct a time series plot. 900 900 900 - 900 - 800 800 800 - 800 - 700 700 700- 700 - 600 600 600 600 500- 400- 500 500 500- 400 400 400 - 300- 300 300- 300 - 200- 100- 200 200- 200 100- 100- 100 2 4 6. 8 10 4 6 8 10 8 10 2. 4 6 8 10 Period Period Period Period What type of pattern exists? O The time series plot exhibits a downward linear trend. O The time series plot exhibits an upward linear trend. O The time series plot exhibits a downward curvilinear trend. O The time series plot exhibits an upward curvilinear trend. (b) Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast users (in millions). (Round your numerical values to one decimal place.) T = Millions of Users Millions of Users1- Indicate if the following data sets represent time-series, cross section or panel data . a- Number of the registered students of the Pretoria Universities between the years 1995 and 2016. ___________________ b- Inflation rate of the EU members in 2020. ___________________ c- FDI to Turkey between the years 1990 and 2016. ___________________ d- Employment rate in Zimbabwe over the months January to 2020 December.Data Analysis Unemployment and Inflation [1 Question] Monthly Unemployment 2014 – 2015 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 6.6 6.7 6.7 6.2 6.2 6.1 6.2 6.2 6.0 5.7 5.8 5.6 2015 5.7 5.5 5.5 5.4 5.5 5.3 5.3 5.1 5.1 5.0 5.0 5.0 Monthly Inflation Rate 2014 - 2015 Year Jan Feb MarApr MayJun Jul Aug Sep Oct NovDec 2014 1.6 1.6 1.7 1.8 2.0 1.9 1.9 1.7 1.7 1.8 1.7 1.6 2015 1.6 1.7 1.8 1.8 1.7 1.8 1.8 1.8 1.9 1.9 2.0 2.1 Examine the monthly data on the unemployment rate and the inflation rate for 2014-2015 i) What trends do you observe in the unemployment rate? In the inflation rate? ii) Identify the relationship between Inflation and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between inflation and unemployment? Use references to support your answer.
- Consumer Price Index SETTINGS 1960 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 Price Then ($) Price Now ($) GRAPH 1960 Year 1965 1970 1975 Show Transcribed Text 10.00 10.00 1984 1980 Reset 2016 1982-1984 = 100.00 1984 1985 1990 PRICE CALCULATIONS CPI = 105.30 1984 Price Then $10.00 1995 2000 Price Now $4.39 (CPI data not seasonally adjusted. Source: BLS) $22.79 O No, because the real value of her hourly wage has stayed the same. O No, because the real value of her hourly wage has fallen from $27.81 to $25.11. O Yes, because the real value of her hourly wage has risen from $25.11 to $27.81. O Yes, because she is earning more dollars per hour. $10.00 Year 2005 2010 2015 2020 a) How much would a worker have to be paid per hour in 2016 to keep her real wage the same as in 1980 if she earned $10 per hour in 1980? Instructions: Round your answer to two decimal places. $ b) A worker earned $10 a hour in 1980 and $14 an hour in 1990. Using the interactive tool to convert each of…Indicate if the following data sets represent time-series, cross section or panel data.a- Number of the registered students of the North Cyprus Universities between the years 1995 and 2016. ___________________b- Inflation rate of the EU members in 2020. ___________________c- FDI to Turkey between the years 1990 and 2016. ___________________d- Employment rate in Zimbabwe over the months from 2018 January to 2020 December. _________________2- Give the number of observations of the following data sets ?a- Inflation rate of the EU members in 2020. ___________________b- FDI to Turkey over the years from 1990 to 2016. ___________________c- Employment rate in Zimbabwe over the months from 2018 January to 2020 December. _________________What type of data is this, is it (nominal, ordinal, interval or ratio) and summarize it in ways appropriate for that type.
- B3. The following table shows the gold prices in recent 4 years: Price Index (USS per ounce) (Base 2018) I2018 =? Price Year 2018 1328 2019 2020 1294 Iz019 =? 1562 I2020 =? 2021 I2021 =? 1949 (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.Difference between nominal scale and ordinal scaleThe table below is extracted from Happyland Republic, Bureau of Statistics records for 2019- 2020. Use the information in this table to answer the questions that follow. Base year 2019 Productio Items 2020 Productio Price Price n n Used cloth (units) 4,000 50.00 5,000 60.00 Components used tractor factory production (units) Cloth (units) 1,200.0 8,000 500.00 11,000 8,000 25.00 12,000 30.00 Beef gifts during cultural festival (Kg) Milk (litres) Computers (Units) Printers (Units) Raw materials for car assembling plant (Units) 1,500 2.00 1,700 3.00 5,000 2,000 500.00 500 300.00 4,500 250.00 1.30 7,000 2.50 2,500 600.00 400 355.00 4,450 300.00 i. Calculate Happyland Republic's nominal GDP, real GDP in 2020. Also, calculate the GDP deflator if 2019 is used as the base year. Show your work.
- The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below. Sales data are often reported in this way to compare current sales to last year’s sales. Year-to-Date Sales Manufacturer Through October 2015 Through October 2014 General Motors Corp. 2,562,840 2,434,707 Ford Motor Company 2,178,587 2,065,612 Toyota Motor Sales USA Inc. 2,071,446 1,975,368 Chrysler 1,814,268 1,687,313 American Honda Motor Co Inc. 1,320,217 1,281,777 Nissan North America Inc. 1,238,535 1,166,389 Hyundai Motor America 638,195 607,539 Kia Motors America Inc. 526,024 489,711 Subaru of America Inc. 480,331 418,497 Volkswagen of America Inc. 294,602 301,187 Mercedes-Benz 301,915 281,728 BMW of North America Inc.…Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price indexfor 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.Question 5. A quantitative research project is recording the hourly concentration of CO (carbon monoxide) on the air. Which category of data does this belong to? Nominal. Ordinal. Interval Ratio.