Testing Money Demand Equation, Econometrics Assignment, SAS Speech or Presentation

Testing Money Demand Equation, Econometrics Assignment, SAS - Speech or Presentation Example To interpret whether variations in dependent variable, (mt – pt) is explained or not, explanatory powers of each of the two independent variables have to be considered. If the Student’s-statistics of the respective estimated coefficients are found to be greater than the tabulated value at the given degrees of freedom, the corresponding variable is considered to be significantly explaining variations in the model and vice-versa. At 107 degrees of freedom, tabulated t-statistic is 1.99, which is lower than the estimated values in either case. Hence, each one of the two variables is found to be significantly explaining variations in the dependent variable so that variation in the model is perfectly explained. Money demand in excess of the general price level is found to be highly dependent on income and rate of interest in context of the US economy. The dependence is found to be in line with that of theory which says that demand for money is directly related to income but inversely related to the rate of interest. Moreover, the rate of interest in the nation is also gradually falling over time, revealing that the money demand in the nation is rising actually. A rise in money demand is actually a positive sign for economies which had been engulfed in a recession, since that implies a rise in aggregate demand and thus rise in national income. Hence it could be said that the US economy is actually at the verge of experiencing boom. In fact, a rising income will attract investors from all over the world thus ensure the nation a consistent period of boom. Since the number of observations is the same as that in the previous case, the degrees of freedom are equal to 107. So, using the rule mentioned above it can be said that both the intercept and time factor can explain variations in the dependent variable significantly. The model being estimated shows

Critical Analysis of a Public Speech by Kevin Rudd Essay

Critical Analysis of a Public Speech by Kevin Rudd - Essay Example The speaker applies a number of stylistic devices during his speech to make the message as real and practical as possible to the audience. In addition, body language and movement is used to enhance the delivery of the message. This essay will analyze the speech by Kevin Rudd on the topic â€Å"Are China and the US doomed to conflict† on the effectiveness of the delivery of the message. The speaker was Kevin Rudd and the speech was delivered in March 2015. Kevin Rudd is a former prime minister of the Republic of Australia. As a growing young boy, Kevin did not gain interest in working in the fields, a thing that was the norm in his home country, Australia. In his speech, he narrates a story of how his mother, knowing that the son will not gain interest in working in the fields, gave him an idea that he took up (Rudd). He decided to study the Chinese language since according to the newspaper his mother gave him when he was fourteen, the headline stating that China was entering the United Nation (Rudd). By providing this information, the former prime minister was establishing the foundation of the success of the country of China. This informed the audience why China was rising and the inspiration for studying the Chinese language. By providing the newspaper title, the speaker was establishing his credibility (Jaffe), showing the audience how much informed he was on th e developments in China. The use of an allegory provided the attention he expected from the audience.