Econometric Methods

*PLEASE OPEN PROJECT GUIDELINES* This project applies econometric methods to a particular economic model using dedicated statistical/econometric software such as Excel. For all questions, use the data in the project guidelines. The table shows time series data of annual import expenditure (million $), GDP (billion $) and Consumer Price Index (CPI) in the period 1975-2005 in the USA. Copy and paste the table into Excel. Use the table to do all the econometric calculations to help answer all four parts of project A B C & D. Each individual part should have calculations supporting the written statement and this should be included in the appendix of the project to clarify what part it links to. Excel should only be used for the calculations and diagrams such as graphs/scatter diagrams everything should be inputted into a word document. *PLEASE OPEN PROJECT GUIDELINES*