MBUS103 Global Managerial Economics Assignment Help

Question

MBUS103: Students enrolled in the course Global Managerial Economics at CIC Higher Education, Australia are required to work on an Analysis Demand and Estimating the Demand Function assignment.

For this assignment, students are required to assess and provide answers to the various tasks and questions asked in the assessment.

Solution

For this Global Managerial Economics assignment help, our academic experts at Online Assignment Services demonstrated their understanding of demand theory and the application of Excel functionalities. For this assignment, our experts utilised quantitative methods and tools to estimate demand function which is the primary objective of a microeconomic analysis.

Task I

In this section of the Business Economics assignment help, our experts identified the main determinants of demand for dwelling construction. They provided the functions of demand as well as explained the economically interpretable relationships.

In this section, our experts also analyzed why and in which way the demand is affected by the determinants of demand for new houses in the given case.

Task II

In this section of the business assignment help, our experts, using the graphical method, estimated the demand curve by plotting the price and quantity demanded using the XY chart. Our experts also commented on the relationship between P and Q and provided an explanation in case of any discrepancies contrary to the law of demand.

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Task III

For this section, our experts utilised multiple regression analysis to complete the modelling of the demand function in order to provide answers to further questions asked.

Question 1.

This section of the assignment by our experts described the hypothesised signs of the parameters using economic theory.

Question 2.

In this section of the managerial economics assignment help, our experts estimated the regression equation using Excel and provided the estimated equation.

Question 3.

In question 3 of task III, our experts interpreted the estimated 𝜷 coefficient for independent variables.

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Question 4.

In this question, our experts compared the hypothesis sign with the estimated sign.

Question 5.

In this section, our experts analysed the statistical significance of the estimated parameters, using the results from the regression analysis.

Question 6.

In question 6 of this section, our experts demonstrated and explained the null and alternative hypothesis to apply F test procedure to test the validity of the model estimated

Question 7.

In question 7, our experts interpreted the estimated adj R².

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Task IV

In Task IV of this Global Business assignment help, our experts assumed the value of the independent variables and estimated the value of dependent variable, quantity of house under construction.

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Task V

In this section, our experts concluded the assessment and provided a brief summary of the procedures applied, problems, limitations and other issues of estimating demand.

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