Model
Digital Document
Publisher
Florida Atlantic University
Description
The purpose of this thesis is to estimate an econometric
model of Palm Beach County, Florida. An econometric
model was chosen as the appropriate method for study as the
said county is characteristic of a service based final
demand economy.
An underlying objective was to utilize data on income
and employment variables available on a consistent bases
from a Regional Economic Information System Data computer
tape provided by the u.s. Department of Commerce 1983.
These data distinguished among 11 industries and referred to
the years 1967-1983.
In conclusion the model shows that ordinary least
squares estimation results were generally significant in the
signas and goodness of fit. However evidence of positive
serial correlation of the disturbances was detected and the
results did not change substantially after applying the
Cocran-Orcutt procedure.
model of Palm Beach County, Florida. An econometric
model was chosen as the appropriate method for study as the
said county is characteristic of a service based final
demand economy.
An underlying objective was to utilize data on income
and employment variables available on a consistent bases
from a Regional Economic Information System Data computer
tape provided by the u.s. Department of Commerce 1983.
These data distinguished among 11 industries and referred to
the years 1967-1983.
In conclusion the model shows that ordinary least
squares estimation results were generally significant in the
signas and goodness of fit. However evidence of positive
serial correlation of the disturbances was detected and the
results did not change substantially after applying the
Cocran-Orcutt procedure.
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