MBUS103: Global Managerial Economics Assignment Help
Question
MBUS103: This assignment for CIC Higher Education, Australia, evaluates students’ application of Excel functions and comprehension of demand theory. The purpose of this is to outline the procedures, quantitative techniques, and instruments for estimating the demand function, which is a microeconomic examination.
Solution
While providing MBUS103 Global Managerial Economics Assignment help in Australia, our experts have used real data in the OLS regression methodology and graphical methods for demand estimation. The methodology for estimating future demand for the product under consideration using an estimated regression model is also utilized here, a snippet of which you can read below:
Question 1
In this section, our experts have determined the main determinant of demand for dwelling construction. Additionally, the economically interpretable relationships between the determinants has also been elaborated upon here.
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Question 2
Next, our experts have plotted a demand curve using an XY chart with price (P) on the vertical axis and quantity demanded (Qd) on the horizontal axis, a snippet of which you can see below:
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Question 3
Following this, multiple regression analysis has been conducted by OAS subject after experts using quarterly time series data from June 1998 to December 2021.
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Question 4
In the following section, our highly skilled experts have used the estimated regression model to forecast the demand for the next quarter.
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Question 5
Lastly, this section provides a brief summary of the procedures used, including identification of determinants, graphical analysis, and regression modeling.
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