Basic Econometric Exercises Resolution Chapter 1 Juan Jos´e Salcedo March 2011 Abstract This document contains my proposed resolutions to the exercises of the first chapter of the book Basic Econometrics (fourth edition) by Damodar N. Gujarati. It hasn’t been revised by any scholar, it sole purpose it my econometrics and latex skills. The first chapter of the book focuses on the visual aspect and causal relationship or regression analysis. There aren’t any regressions nor estimation procedures here.
Contents 1 Questions and answers
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2 Tables and figures
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List of Tables 1 2 3 4
CPI in seven Industrial countries, 1973-1997 . . . . . . . . . Inflation rates of studied contries . . . . . . . . . . . . . . . Correlation coeffecients between selected countries’ inflation Impact of advertising expenditure . . . . . . . . . . . . . . .
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List of Figures 1 2 3 4
Inflation rates of study countries . . . . . . . . . . . Exchange rates of study countries . . . . . . . . . . . M1 money supply: United States; 1951m1-1999m9 . Advertising expenditure relationship with impression
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