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#41
11-06-2007, 08:59 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
you know it's sad when i would rather take your micro mid-term tomorrow than sit here and do all the regression analysis on this panel data project im working on in SAS right now [/ QUOTE ] Panel Anaylsis Regression is a BITCH!! I had to do this stuff for my thesis. SAS is pretty cool though. Good prog for doing stat analysis 
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#42
11-06-2007, 08:59 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
you know it's sad when i would rather take your micro mid-term tomorrow than sit here and do all the regression analysis on this panel data project im working on in SAS right now [/ QUOTE ] I would rather shave my balls with a cheese grater than use SAS.
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#44
11-06-2007, 09:03 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] [ QUOTE ] land is perfectly inelastic. E=100000000000000000000, because no matter what the price change, there will be no change in quantity consumed. [/ QUOTE ] Wait. What? [/ QUOTE ] <font color="#666666"> The supply of land is finite and non changing. Even</font> if price of land is one dollar, <font color="#666666">more cannot be produced.</font> Lots of people will want it, <font color="#666666">and there will be a land shortage, so price will eventually go up (this is why manhattan real estate prices are so high).</font> If land is expensive, no one will want it, <font color="#666666">but the quantity of land does not change.</font> [/ QUOTE ] I do not think that word, "perfectly inelastic", means what you think it means.
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#45
11-06-2007, 09:04 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
[ QUOTE ] LoL wouldnt this be a lockable thread in OOT and Student Life? BBV4L however welcomes you sir! [/ QUOTE ] Asking for help with homework/schoolwork is against the protocol here too, but ol' wily NT managed to be elusive enough to get by. [/ QUOTE ] meh, he's not asking people to solve problems, just explain general concepts seems ok to me
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#47
11-06-2007, 09:06 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
If your results come out whacked, you probably have sample size problems. I know I did. [/ QUOTE ] im doing mine on baseball ive got like 5 years of data. i should probably have more but im lazy - i had to hand enter all the data
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#48
11-06-2007, 09:08 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
[ QUOTE ]
nt!, , is it true you are almost as fat as dids? [/ QUOTE ] well in terms of my weight yes, but i am like 4 inches taller than him and also have lots of muscles. so no, not really. it is still a little disconcerting however. alright less actual economics discussion, more pictures of keynes munging adam smith
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#49
11-06-2007, 09:08 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
Boro,
When people talk about price elasticities they talk about how quantity demanded/supplied responds to changes in price. I realize my examples are kinda whack, as they do not reflect price CHANGES, which is what I meant to talk about. Whether P starts at one or 10000 doesnt really matter, what matters is how changes in consumption/production respond to price CHANGES. Sorry I didnt make that clearer, its been awhile.
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#50
11-06-2007, 09:12 PM
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Re: ZOMG MICRO ECONOMICS WTFFFF
we were told if our data ends up being [censored] not to waste time finding an instrument or anything, but just to do a write up on why we think our data is [censored] and what we can draw from it
so far im coming back with R-squared values of around .65 so im not too unhappy - as soon as i add in another variable and maybe knock out some of my outliers it should go up even more
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Linear Mode
