Semiparametric Estimation and Consumer Demand - Case Study Writing Assignment Help

Assignment Task :

Case Study problem.
The data file London.csv is a set of observations on 1519 households drawn from the British Family Expenditure Surveys. The data have been selected to include only households with one or two children living in Greater London. Self-employed and retired household were excluded. The data and variable definitions

NOTE 1. 
i) Comment on how the explanatory variables influences the household share of food and transport expenditure (include the expected sign of the regression coefficients of the two models)
ii) Estimate the models and report the results in the usual way
iii) Statistical significance of the estimated regression coefficients
iv) Estimate and test for expenditure elasticity of food and transport
v) Perform other relevant statistical tests (including but not limited to RESET and F)
vi) Are food and transport necessities?

• In your report and discussion, please comment on how the explanatory variable influences the household share of food and transport expenditure. 
• Apply the data for estimation and inference of the models. 
• Comment on the model adequacy issues, sign, statistical and economic significance of the regressors and goodness-of fit test of the models. 
• Test an appropriate economic hypothesis statistically to establish whether food and transport are necessities for the survey data and comment on your findings.

NOTE 2. Please note that the report should not exceed 10 pages (one-sided double-line spacing with indentation zero both on the left and right margins

Note 3. You can use STATA, R or SHAZAM for empirical computational purpose.
 

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