Tutorial 1: Demand Analysis and Estimation (Week 3) You are the newest recruit of the Edinburgh Consulting Company (ECC). Right after you meet your line manager, he gives you your first assignment: "We have a project with the International Telecommunications Union (ITU) to model the demand for broadband services using the most recent data available. The person who was handling the project just left ECC and took all his notes with him, including all conversations he had with the client. The only things left are 1) two references that he requested to the documentation department (See readings below) and 2) two datasets complied by him primarily from one of these documents (Available on LEARN). I remember that his plan was to estimate an econometric model to explain the penetration of fixed broadband services for a set of sample countries, so perhaps these readings will give you some clues on how to continue this project. The client wants a short report with four separate sections: a) selection of explanatory variables (with justification and references to other publications and/or relevant theoretical concepts), b) model specification, data collection and data sources, c) discussion of your econometric results (with particular focus on demand elasticities) d) brief mention on the limitations of your approach and possible ways to improve your model." Essential Reading: Galperin and Ruzzier (2013) Price elasticity of demand for broadband: Evidence from Latin America and the Caribbean. Telecommunications Policy 37 (2013) 429-438 http://www.sciencedirect.com/science/article/pii/S03085961 12001127 International Telecommunications Union (2016) Measuring the Information Society Report 2015. http://www.itu.int/en/ITU-D/Statistics/Pages/publications/mis2015.aspx