Develop simple econometric model of GDP using R
€12-18 EUR / hora
The task is to produce a model to forecast Eurozone GDP. I would like us to forecast individually the main expenditure components (C, I, G, NX) using regression analysis, however I am also open to your suggestions on building an effective, simple model. I will provide all necessary data. It would be a bonus if you are familiar with the GGPLOT2 package in R.
In your reply, please name three variables which you think would be useful to forecast household consumption.
Nº del proyecto: #10012118
Sobre el proyecto
16 freelancers están ofertando un promedio de €15 / hora por este trabajo
Dear sir, For you ending question: C = A + MD C = Consumer spending A = Autonomous consumption, M = Marginal propensity to consume, (consumption changes / income changes) D = Real disposable income. I'll comp Más
I am experienced R programmer. Thanks ================================ ================================== ================================= Regards Ali Farrukh
I have much experience in economics and statistics. I suggest current income, consumer price index, and expectations of income rise as regressors for households consumption function.
I have MPhil Economics with strong background in statistics. I have worked in R for more than 3 years. I am also familiar with GGPLOT2 package. Let me know more.
I think of these variables, Disposable Income, Consumption Index and Inflation are the useful candidate to forecast HC. Thank you.
The variables which may have strong correlation with the household consumption will be number of members in the household, Monthly income. please contact me to further discuss on this.
I would first prefer to try other models as well as regression like ARIMA, Holt Winters or ARIMA + regression and determine which model performs best. I am also conversant with ggplot2
Hi, I am Vamsi, an MBA grad from a top 10 b-school in India and currently working as a Business analyst in an MNC Bank. I have good knowledge of R and linear regression. I am sure I can complete this task to your s Más
I have successfully completed several projects using algorithms such as Logistical regression , K means clustering Decision trees and Random forest. I have also worked in multiple domains including * Retai Más