What are the steps (methodology) that we need to follow in econometric analysis?

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What are the steps (methodology) that we need to follow in
econometric analysis?

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Assume you are managing a firm that recently entered in the transportation service, which is meter taxi service similar with Ride, Feres and others. If you have to estimate the demand for the transportation service you provide, (6 marks) a. What would be the explanatory variables you include in a regression model? b. Indicate how you may utilize the results of your demand estimation for decision- making. c. How do you make your pricing decision? d. What do you think is the market structure for meter taxi transportation in Addis? Give your justifications
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Explain graphically how indifference curve analysis can be used to derive a demand curve?
A FIRM INCREASED THE PRICE OF ITS PRODUCT BY 5.0 PER CENT AND OBSERVED THAT ITS REVENUE INCREASED BY 3.0 PER CENT. ENTHUSED BY THIS FACT, IT AGAIN RAISED PRICE BY ANOTHER 5.0 PER CENT. THIS TIME REVENUE FELL BY 8.0 PER CENT.
So let's say that this European Central Bank, the European Central Bank expects the natural unemployment rate to be 6 percent, and the actual unemployment rate is 5.5 percent. B.) Assuming the expectation is the actual natural unemployment rate (5.5%), then if the government decides to increase government spending, please briefly explain and use the Phillips curve to illustrate
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Estimate the monthly cost of your education in first semester in the university keeping both the explicit and implicit cost in view?
Suppose the short run market price a competitive firm face is Birr 9 and the total cost of the firm is: TC = 200 + Q + 0.02Q 2. Answer the questions that follow. (A) Calculate the short run equilibrium output and profit of the firm. (B) Derive the MC, ATC, and AVC and calculate the values at the short run equilibrium output. (C) Calculate the producers’ surplus at the equilibrium output. (D) Find the output level that will make the profit of the firm zero.