Econometrics Models

These models and simulations have been tagged “Econometrics”.

Preliminary modelling of UK retail market. Linking GDP, consumer confidence and retail sales

wolfram alpha:

UK GDP per year =£2.08 trillion

UK GDP per capita =£31177 per year (exchange rate dependent)

UK GDP per capita = £598.78 per capita per week

average UK salary = £29,009 per year

£557 = average wage per capita per week

Add in MCI model with price and advertising effect

Model of UK Retail