Course ADVANCED ECONOMETRICS Programme MSc in Finance Site HEC Lausanne Semester Fall 2014 Module Leader Diane Pierret Teaching Assistant Daria Kalyaeva Assessment Type: Empirical Assignment Assessment Title: A Dynamic Model for Switzerland GDP Written by: Group Y (Ariane Kesrewani & Alan Lucero) Additional attachments: Zip Folder containing Matlab code, data and figures. Submission Date: December 15 at 00.05 1. Descriptive Statistics a. Time series plots of GDP level and GDP growth i. Definition of weak stationarity. GDP level and growth stationarity. A stochastic …show more content…
ii. Observations from plots. As mentioned before, we can observe from the plots that the GDP level is upward trending, which is a characteristic feature of economic time series. To offset this, we calculate the first differences as a change in logs. Once plotting the vector of the results, another characteristic of economic time series arises in the plot of GDP growth: seasonality. This can be seen in quarterly variations year on year, for example quarter four of each year cannot be purely compared to quarter two since it accounts for a big holiday variation such as Christmas spending, end of year boosting of financial results, etc. Thus growth should be assessed with the corresponding quarter year on year. This effect compensates the business cycles variations which are more significant for
1. Question: Why does Gatto think that school is boring and childish? How does Gatto’s depiction of school compare with your own elementary and secondary school experience?
Dissolved oxygen is oxygen that is trapped in a fluid, such as water. Since many living organism requires oxygen to survive, it is a necessary component of water systems such as streams, lakes and rivers in order to support aquatic life. The dissolved oxygen is measured in units of parts per million (ppm). Examine the data in Table 4 showing the amount of dissolved oxygen present and the number of fish observed in the body of water the sample was taken from; finally, answer the questions below.
“Hello mother, father, this is your Louie talking. This will be the first time in two years that you’ve heard my voice. I am now interned at a Tokyo prisoner of war camp and I’m being treated as well as can be expected under wartime conditions.” As a viewer we can see the look of pure disgust and longing upon Louie’s face. It was evident that he wasn’t eager to read what was prepared for him as it depicted a false perception of what his wartime conditions were truly like. The fact that he had to make it seem like he was well when in fact he was anything but. I am now able to understand that what those in society often herd about their captured soldiers was quite often incorrect. The enemy wanted to portray an image that hid the true conditions and circumstances the American soldiers were subject to. I not only found this film inspiring as it showed the resilience American soldiers had whilst confined in the prisoner of war camps but also found it interesting as it showed the truths of war so vividly in way that could never be achieved through the use of written words. As a result of this film I am able to see how much we owe these men for our freedom, we were never truly able to appreciate the sacrifice made by those men and women until viewing this incredible film. They went through so much to ensure the freedom of many generations to come and if it wasn’t for these men who knows what our lives would be like today.
In Nella Larsen’s Passing, Irene Redfield and Clare Kendry show us a great deal about race and sexuality in the 1920s. Both are extremely light-skinned women of African-American descent. However similar they appear to be, their views on race, a very controversial issue at the time, differ significantly. Clare chooses to use her physical appearance as an advantage in America’s racist and sexist society, leaving behind everything that connects her to her African-American identity. She presents herself as an object of sexual desire, flaunting herself to gain attention. Irene is practically the opposite, deciding that she wants to remain with the label of being black. She is subtle with her
Matt Lamkin’s “A Ban On Brain-Boosting Drugs is Not the Answer” first appeared in Chronicle of Higher Education in 2011. In this essay Lamkin aims to convince his reader not to deter improper conduct with threats, but to encourage students to engage in the practice of education. Lamkin tells us “If colleges believe that enhancing cognition with drugs deprives students of the true value of education, they must encourage students to adapt that value as their own” (642). Appeal to logic, consistency, and compare/contrast are techniques Lamkin skillfully uses to create a strong effective essay.
1. Which accounting method best reflects the economic reality? Put another way, which accounting numbers – the GAAP or non-GAAP numbers best reflects economic reality? [10 points]
Mead & Hampson (1996) developed a study involving the divided visual field paradigm and a phonological rhyme/non-rhyme task to test the speed and accurateness of either side of the brain. This study was used to investigate functional asymmetry between the left and right hemispheres in phonological processing. The research was taken out equally on 15 male and 15 females London Metropolitan University students ranging from ages 18 – 35 years old. They were all specifically chosen to be right–handed and had English as their first language thus providing a fair experiment to see whether our left hemisphere (left side of the brain) or the right hemisphere is faster and more accurate. In conclusion using the mean and standard
All of us have formed habits in our daily life. Even though some of these habits only exist in our subconscious and we cannot actually make sure whether they are real or only the conjectures. But it is undoubted that all of our behaviors are influenced by our desires on specific objectives. In the book, the power of habit, Charles Duhigg explained the definition of a habit as an effort-saving instinct. “When a habit emerges, the brain stops fully participating in decision making” (20). To support his opinions on habits, he introduced the three-step model of a habit loop, the theory of golden rule of habit, and the role of a craving brain and belief in the process of a habit changing. Through learning
The characteristics of day reporting centers (DRC) are facility where probationary offender report every day to probate counseling (Siegel, L., 2014). Social skills and other rehabilitative activities, also where they file daily schedules with their supervising officer showing how each hour will be spent (Siegel, L., 2014).Day reporting is another form of intermediate sanction (Siegel, L., 2014).The offender must report on a regular basis at a specific time every day to participate in activities such as counseling, social skills training, and employment training (Siegel, L. and Bartollas, C., 2014).
The Water Pollution Gizmo™ will teach you about some of the main kinds of water pollution. On the TYPE tab, under Types of pollution, check
In this essay, the articles ‘Listen to the north’ by John Ralston Saul and ‘Which ‘Native’ History? By Whom? For Whom?’ by J.R. Miller will be analyzed, specifically looking at each authors argument and his appeal to ethos, logos and pathos. In the first article, ‘Listen to the North’, author John Ralston Saul argues that current Canadian policy when it comes to our north, and the people that reside there, is out of date and based on southern ideals that hold little bearing on the realities that face northern populations. He suggests instead that the policies and regulations should be shaped by people who know the territory and it’s needs, namely people who live there. In the second
My interest for the Attorney Advisor position with the United States Patent & Trademark Office (USPTO) arises from my longstanding commitment to constantly improve myself. I have always enjoyed legal research, writing, and the complexities of intellectual property. I have no doubt that my enthusiasm to research, my eagerness to learn, and my strong ability to communicate clearly, work efficiently, accurately, and quickly, will make me an invaluable asset to the USPTO. I believe these traits combined with my unique skillset, developed as a result of experiences working for the Arizona Diamondbacks of Major League Baseball (Diamondbacks), Nike Inc. (Nike), and the Arizona Attorney General’s Office, Liability Management Department (AG Office)
After further questioning you learn she is strictly following the fl uid and salt restriction ordered during
The GDP graph of European describes the increase trends, however, there is some fluctuation which is not
According to researchers, even though integrated reporting is a developing practice, it is associated with numerous benefits to organizations, stakeholders, investors and even regulators. These benefits include;