Nigeria Major Economic Indicators as at Wednesday, 28th June, 2017

By Kibash

Inflation Rate - 16.25%

Monetary Policy Rate(MPR) - 14%

Dollar - Naira Exchange Rate - N305.85

Crude Oil Price - $46.9

Average PMS Price - N150.7

Specifying Your Econometrics Regression Model

By Roberto Pedace
In econometrics, the regression model is a common starting point of an analysis. As you define your regression model, you need to consider several elements:

How do you calculate GDP with the Income Approach?

By Sean Ross
The Income Approach to measuring gross domestic product (GDP) is based on the accounting reality that all expenditures in an economy should equal the total income generated by the production of all economic goods and services.

Typical Problems in Estimation Econometric Models and Their Solutions

By Roberto Pedace

If the classical linear regression model (CLRM) doesn’t work for your data because one of its assumptions doesn’t hold, then you have to address the problem before you can finalize your analysis. Fortunately, one of the primary contributions of econometrics is the development of techniques to address such problems or other complications with the data that make standard model estimation difficult or unreliable.

What is GDP and why is it so important to economists and investors?

The Gross Domestic Product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year. The United States has a GDP of $18,869.4 billion as of the fourth quarter of 2016, according to the Bureau of Economic Analysis.

How to Write Economics Undergraduate Final Year Project – Part IVa

Chapter Three (Research Methodology) 

By Kibash

Part I, Part II, Part III

This chapter is aimed at explaining the methodologies to be adopted in collecting, analyzing, interpreting and drawing conclusions from data used in the research or study. The chapter basically comprises of; the nature and sources of data, population and sample, method of analysis, model specification and sometimes the theoretical framework on which the model is specified.

The major factors that determine the content and nature of this chapter are:

i.                    The research objectives

ii.                  Unit and time dimension of research or scope of the research

iii.                The level of measurement of data (particularly the dependent variable)