ECONOMETRIC MODELLING project

1.1. Economic model and econometric model (assumptions, economic model, econometric model, declaration of variables + units) 1.2. Data set (data table + source; correlation matrix + multicollinearity elimination) 1.3. Parameters’ estimation using OLSM in SW Gretl 1.4. Economic verification 1.5. Statistical verification (statistical significance of parameters; R 2 ) 1.6. Econometric verification 1.7. Model application (coefficients of elasticity; scenarios’ simulation)