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You will need to produce figures in a manner similar to those reported in the WEO for the two countries under examination. (1) real GDP or industrial production index, as a measure of aggregate output...

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You will need to produce figures in a manner similar to those reported in the WEO for the two countries under examination. (1) real GDP or industrial production index, as a measure of aggregate output (2) price inflation, as a measure of the rate of change of the price level (3) real private consumption (eg. private final consumption expenditure) (4) real gross fixed investment (eg. gross fixed capital formation) (5) inventory investment as a percentage of GDP. (6) the level of employment or the unemployment rate (7) productivity (you have to construct this using a definition); total factor productivity or labour productivity (defined as output over labour input) (8) a short-term interest rate with maturity less than one year (eg. T-bills, T-notes, overnight cash, Federal funds) (9) a long term interest rate with maturity greater than 2 years (eg. 10 year Treasury bonds) (10) the yield curve (you need to construct this as the difference between a longterm interest rate and a short-term interest rate with the same risk characteristics) (11) growth in money supply (eg. Use M2 or M XXXXXXXXXXthe nominal exchange rate (eg. US$/A$) (13) the real exchange rate (you have to construct this using the definition, if not available) (14) the trade balance or current account as a percentage of GDP. (15) the stock price index or stock returns (note that stock returns can be calculated using the stock price index) (16) Commodity price index or individual commodity prices such as the prices of gold, base metals, etc. (17) Consumer confidence and business confidence indices (e.g. MelbourneWestpac Index) (18) House price index (e.g. average of house prices in major capital cities in Australia) (19) Government debt as a percentage of GDP
You will need to perform the following tasks. (1) For a country of your choice, obtain monthly or quarterly data for output (industrial production or GDP), price inflation (CPI or GDP deflator based), stock price index, interest rates with different risk and term characteristics which will allow you to construct various interest rate spreads e.g. credit spreads and yield curve, and any other asset price indicators or indices such as the house price index, commodities price index, etc. (2) Transform the variables in an appropriate manner. Justify your transformations. (3) Set up and estimate an appropriate empirical (regression) model useful for forecasting growth in output and inflation. You need to justify your choice (or specification) of empirical model. (4) Set up and estimate an appropriate empirical (regression) model useful for forecasting asset returns. You need to justify your choice (or specification) of empirical model. (5) Report the results (such as the estimated coefficients, t-statistics, R squares etc) and provide succinct economic explanations on the predictive abilities.
Answered Same Day Dec 21, 2021

Solution

Robert answered on Dec 21 2021
124 Votes
Abstract
In this document we are going to study how we can implement the principles of software engineering
with management rules. The document is concerned with the automation of airline reservation system in
order to provide a convenient and intuitive interface to the customer while booking an airline ticket. The
online system is evolved from GDS (Global Distribution System) which is also known as the Computer
Reservation System. With the invent of computerized systems, users now have the freedom for booking
the ticket at their own convenience from virtually anywhere and at any time. The online system contains
all and up-to-date information of the flight, fare tariffs, schedules and timely discounts.
In the project, we combined the phases of SDLC (Software Development Life Cycle) with principles of
management. Management will allocate resources to every phase of SDLC i.e. it will calculate the weight
of every requirement and then find out which resource would be good enough to ca
y out a particular
task.
We start with identifying the requirements i.e. the basic functionality of the system. It includes coming up
with the non-functional requirements as well. Once all activities are defined then the main “actors” and
esources will be identified. The system will have two primary actors: Customer and administrator.
Customer will be the end user who can be a passenger or a travel agent. Administrator will be the super
user; monitoring all the activities and privileges to users. This is an inception phase of the project. After
this, the system is analyzed for depicting the flows in different modules. It will show how information
will flow from central airline database to different login screen, flight listing screen, schedule screens and
so on. We will also keep a check through system optimization techniques on how the conflicts such as
during booking by two users will be resolved. As per the software engineering rules, the whole system is
oken down into small modules which are developed and tested in units and then integrated together for
integration testing.
Requirement analysis / Resource allocation
It is the first phase of SDLC. Here the requirements of system are identified from both functional and
nonfunctional views. Here, the analysis will go in-depth of the system and encompasses all the interests of
stakeholders.
The Airline reservation systems (ARS) is a software application which will assist the end-user to make
transactions relate to airline ticket booking. The activities will include blocking, reserving, cancelling, and
escheduling.
The main objectives of this module are as follows:
a) minimize the repetitive work of administrator and ground-level clerks
) maintain a consistent access on different mediums like smartphones, desktop and web etc.
c) Then maximize the revenue of the company through various means, increasing awareness among the
users about various offers and discounts
d) Making a flexible and robust system which will be open for new requirements such as the system
should be flexible enough to adopt pricing policy.
Requirement analysis identifies the functional requirements and for ARS they are as follows: ease of
creating the account, creating a profile, monitoring the flights rates, making reservations, cancelling
eservations,...
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