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Econometric analysis of the prices of mobile phones
Nešpor, Radim ; Formánek, Tomáš (advisor) ; Polonyankina, Tatiana (referee)
The work deals with the econometric analysis of the prices of mobile phones based on the selected parameters. The aim of this thesis is to determine, which of the selected parameters affect the price of a new mobile phone and how they affects the price. The theoretical part deals at first with the regression model and determining statistically significant variables and significance of the model as a whole. Then I introduce different procedures for finding and selecting the best estimate for the model. In this thesis I will focus on three procedures for the selection of explanatory variables: best subset selection, forward stepwise selection and backward stepwise selection. Finally I mention the detection of multicollinearity and heteroscedasticity testing. In the second part, I apply different procedures for the selection of explanatory variables and afterwards, based on the criteria defined in the first part, I will select the best model. Finally, I compare these models and choose the best one.
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Econometric analysis of inflation in open economy
Rebrova, Yulia ; Formánek, Tomáš (advisor) ; Kuchina, Elena (referee)
This bachelor thesis is focused on an econometric analysis of the inflation in an open economy. The aim of this paper is to investigate factors which influence the price level. A priority is given to the analysis of Austrian and Czech economies and of their dependence on the dominant German economy. Different specifications of Phillips curve and Exchange Rate Pass-Through method are used to breakdown the inflation rate. Theoretical part of the thesis carefully summarizes already known facts about inflation and its measuring. Moreover, it includes a closer look at econometrical models which will be used in this paper. The models for each country are developed and compared in the last part of this thesis. Results show that economies of selected countries underline macroeconomic theory and the inflation rate can be expressed by Phillips curve whereas Exchange Rate Pass-Through models cannot explain the behavior of the price level well. This paper reveals the complexity of the topic.
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Ekonometric analysis of housing units prices in Prague
Garančovský, René ; Formánek, Tomáš (advisor) ; Frýd, Lukáš (referee)
The aim of this thesis is to find indicators that have a significant impact on the price of housing units in Prague. It will also be a comparison with analyses already done. My analysis is based on a sample of housing units and their data from real estate market. It is based on econometric analysis. The work is divided into four chapters, of which the first and second are theoretical and third and fourth carries a practical point. The first chapter is devoted to the basic description of the characteristics of housing units and territorial connection. In the second chapter we describe used econometric techniques. Into third chapter we enter outputs, made by us in eviews. In the fourth and final chapter we describe, disassemble, compare and analyse individual results of the preceding chapter.
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Analysis of migration in the Czech Republic on the district level
Houšková, Helena ; Formánek, Tomáš (advisor) ; Dlouhá, Zuzana (referee)
This bachelor thesis focuses on internal migration in the Czech Republic on the district level. The aim of the thesis is to explain the relative number of immigrants to particular districts, relative number of emigrants from districts and mainly their difference - growth in the year 2013 with the help of different factors, such as criminality, unemployment, area, and so on. The factors are named and their influence on the relative number of immigrants, emigrants and growth is predicted. Then these data are analysed and three different models are constructed to explain the growth of population. In the first model all districts are taken into account. In the second model three districts of Prague are removed and in the last one, in addition to Prague, central districts of Brno and Ostrava are also removed. After comparing the three models we find out that models are quite similar and not all factors influence the growth of population as we expected.
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Analysis of Exchange Rates (Commodity Exporting and Importing Countries)
Slabý, Pavel ; Mandel, Martin (advisor) ; Metrah, Samy (referee)
This bachelor thesis´s objective is to analyze a possible relationship between exchange rates of selected countries and prices of commodities that these countries export. The thesis aims to describe this relationship and to quantify it. The selected countries are Canada, Japan, Norway, Australia, Zambia and Burundi. This thesis first describes theoretically the relationships between the exchange rates and fundamental quantities. The method of empirical analysis is described in the second part. Correlation and regression analysis is carried out and some problems that I have encountered during the econometric analysis are described as well. I study the aforementioned relationship on monthly data of nominal effective exchange rates from 2000 to 2015 in case of Canada, Japan, Australia and Norway. In case of Zambia and Burundi I study the relationship on yearly data of real effective exchange rates from 1980 to 2014. During my analysis I learned that these exchange rates really show some dependence on the commodity prices. The relationship is strongest in case of Norwegian Krone and oil prices. On the other hand the relationship is the weakest in case of Japanese Yen and oil prices.
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Analysis of the influence of the quality of life on suicide rate
Kolářová, Michaela ; Hronza, Martin (advisor) ; Babin, Jan (referee)
This thesis analyzes the impact of various affecting the quality of life on the suicide rate in the individual regions of Czech Republic in 2000 -- 2008 and answers the question, whether we can find happiness -- suicide paradox. The research is based on data from the Czech Statistical Office I estimate the econometric model. As determinants of the endogenous variable (suicide rate) I present variables of the index of the quality of life. The results do not show a clear impact of index of quality of life on the suicide rate as a whole. Some of variables confirm the hypothesis about the existence of happiness -- suicide paradox, on the contrary other variables disprove this paradox. The hypothesis about the existence of happiness -- suicide paradox based on these data can not be conclusively confirm or disprove. It appears that during this period the total number of committed suicides is decreasing.
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Which factors affect the attendance of castle Litice nad Orlicí
Nováková, Lada ; Lahvička, Jiří (advisor) ; Čermáková, Klára (referee)
This thesis aims to analyze the factors influencing the attendance of the historical monument, the castle Litice. I am focusing on the standard, reduced and family tickets. For measurement of the impact of the individual variables I use the daily data from 2004 to 2012. Into the determinants that have impact on the demand for attendance I include the ticket prices, temperature, precipitation, public holidays, weekends, summer holidays and cultural events. The model shows that an increase of ticket price by 1 % will result in increase of sales of family tickets by 2,4 % ceteris paribus. Regarding the standard and reduced ticket, the resulting coefficient is insignificant. Public holidays, weekends and summer holidays have a positive impact on attendance for all three types of admission. The most significant impact has an annual event "Pochod přes tři hrady" (March through three castles). During this event sales of standard tickets increase by 190 % and sales of reduced tickets are ten times higher ceteris paribus. The events have an insignificant impact on sales of family tickets.
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Econometric analysis of oil price
Novotný, Lukáš ; Formánek, Tomáš (advisor) ; Čížek, Ondřej (referee)
This bachelor thesis is focused on econometric analysis of oil price WTI. The purpose of the work is to find what factors have influence on the oil price. These factors are tested by econometric methods and after choosing the selected variables I tried to build up some models which describe the oil price WTI movements. In building up the models I am using econometric approaches to correct the models. The bachelor thesis is divided into 3 main chapters -- two of them are theoretical and the last chapter is practical. In the theoretic parts there is a summary of oil facts, extraction, processing of oil, oil market and there is a description of selected econometric methods. In practical part there are my own models and comments on the results. The resulting models show weaker effect of traditionally expected factors like supply and demand for oil and on the other hand greater influence of other factors like global financial crisis or oil stocks. The bachelor thesis leads to proving some thesis from the used literature. It also shows the complexity of creating oil price.
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Marketing costs influence on a particular group-buying website
Flídrová, Barbora ; Kloudová, Dana (advisor) ; Rod, Aleš (referee)
This thesis examines a solution to the problem of measuring advertising effectiveness. Using econometric analysis influence of marketing costs on daily turnout is quantified. Analysed data were provided by a certain group-buying website and include information on revenues, marketing costs and number of visitors from June 2011 to July 2014. Econometric analysis proved to be a perfectly applicable method for measuring marketing results, both exogenous costs variables appeared to be significant and their positive effect on daily revenues was confirmed. Results obtained in the analysis enabled the group-buying website to optimise its marketing mix by spending its marketing budget more effectively.
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Trh hráčů americké Národní fotbalové ligy: Jsou hráčům stále vypláceny mzdy odpovídající tržní situaci monopsonu?
Miškovský, Karel ; Hudík, Marek (advisor) ; Koubek, Ivo (referee)
The main goal of this thesis is to find out whether National football league players are, even 15 years after the birth of unrestricted free agency, still paid monopsonistic salaries or whether competition among NFL teams eliminated them. After a theoretical discussion, which will help to form expectations about the player market, models in line with the standard theory of labor compensation and with Becker's human capital theory are estimated. The part of the research following the standard theory focuses mainly on estimations of players' marginal revenue product and subsequently on comparison of their wages with their MRP. To do so, OLS regressions, as well as quantile regressions, are run. The part of the research following the human capital theory has a supporting role and is used to further confirm the previous findings. It is represented by OLS player salary estimation. The hypothesis that players under a full control of their teams are still paid salaries below their MRP cannot be rejected, thus confirming a presence of monopsonistic salaries. A significant effect of free agency status on player salaries is also found. Exclusive rights players are paid significantly lower salaries than all free agents, while restricted free agents are paid significantly lower salaries than unrestricted free agents. Superstar players are found to have salaries in excess of their MRP regardless of their free agency status.
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