Introductory econometrics
Introductory econometrics (Textile and textile industry) Dept: Name: UB No.: Tutor: Q1: Present your data in a table giving precise definitions and sources for each variable plus brief footnote on any methods you had to used to construct your variables. QDD (£m) POPN (k) P-PRICE R-PRICE GDP (£m) QTYPCTA RELPRICE INCPCPA DUMMY 5140 56,330 100.0 66.8 229,583 0.91 1.4970 61.0132 0 4918 56,357 104.5 74.8 252,244 0.84 1.4639 59.8372 0 5068 56,298 110.4 81.2 275,851 0.82 1.4532 60.3428 0 5439 56,328 116.4 84.9 301,524 0.83 1.4653 63.0507 1 6140 56,432 123.1 89.2 323,098 0.88 1.4809 64.1865 1 6648 56,567 129.6 94.6 354,229 0.91 1.4736 66.1957 1 6788 56,699 135.4 97.8 380,597 0.88 1.4867 68.6359 1 7571 56,850 141.8 101.9 418,221 0.94 1.4818 72.1940 1 7930 56,970 149.3 106.9 466,520 0.93 1.4761 76.6031 1 7942 57,248 156.2 115.2 511,889 0.89 1.4280 77.6181 1 7648 57,436 164.0 126.1 554,486 0.81 1.3807 76.5581 1 7384 57,472 174.5 133.5 582,946 0.74 1.3745 75.9785 1 7544 57,593 180.2 138.5 606,582 0.73 1.3711 76.0449 1 Annual demand for textile and textile industry 1980-1992 QDD: Annual Demand for Good Y (textile and textile industry) POPN: Population P-PRICE: Producer Price for textile and textile industry; all Converted to base 1980 price as 100 R-PRICE: Retail price for all Goods; all Converted to base Jan 1987 price as 100 GDP: GDP at current price QTYPCTA: Per Capita Consumption of Good Y (Total Demand for Goods in money term/ Producer Price / Population) RELPRICE: Relative Price (producer price/ retail price) INCPCPA: Real Income per Capita (GDP at current price/retail price/population) DUMMY: Dummy Variable (1 for last ten years; 0 for the rests) This is the annual demand table for textile and tixtile industry from 1980 to 1992, as relative figures after 1992 could not be found in Annual Abstracts of Statistics of the U.K.