Material Meeting 9: Multicollinearity Meeting 10: Autocorrelation Meeting 11: Heteroscedasticity Meeting 12: Testing Assumptions and Refining Assumptions • Meeting 13: Regression Analysis of Dummy Variables on the Independent • Meeting 14: Dummy Regression Analysis on the dependent • Meeting 15: Dummy Model (dependent and independent) • Meeting 16: UAS Machine Translated by Google
Price- Demand 2016 IDR 7,050 Number of Requests Fuel (million kiloliters) 30.41 2017 IDR 7,500 2018 IDR 7,800 Year Fuel price ( Liters) 2015 IDR 8,400 33.78 35.00 31.62 2019 IDR 7,650 32.80 Data collection, Presentation of data and Data processing Qd = a- bp Equation model Fuel Price Number of Fuel Requests ECONOMETRICS ECONOMIC STATISTICS MATHEMATICS
Theory: Law of Demand => Y, X => X1, X2, X3 , Ho: There is no effect between price increases Fuel Oil (BBM) on request BBM. Ha: There is an influence between increasing material prices Burn Oil (BBM) with fuel requests. 1 < , Yi = + 1 + Presenting Hypotheses based on Theory Mathematical model: A Single equation model A multiple equation model Y Y = fuel demand X = fuel price Machine Translated by Google
Mathematical model of consumption function: – Deterministic in nature –Exact relationship between the number of requests Fuel and fuel prices In practice, the quantity demanded is not only influenced by price Other influencing factors: Income Price of other goods Preference Machine Translated by Google
u Fuel price There are no observations or points which is exactly on the line (mathematical model) There are 3 types of errors in economics, Errors are related to Levels Significance There is an element of error, mistake/random o F N R f u e e ql u b e e s r ts Machine Translated by Google
X 24,268 C 24,268 - - 0.7064 0.0051 0.0002 Coefficient Std Error Y = Qd Variable Prob 0.045743 Estimating Parameters from Econometric Models with Regression Analysis Statistical methods used for parameter estimation: – Regression Analysis Regression analysis is applied to data (Y) and (X), and obtained: 6.413817 Machine Translated by Google
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