What measures do you construct from variable in your dataset

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Reference no: EM133684152

Assignment: Economics & Statistics

Length: 10 to 12 pages.

I. Intro:

1. What question do you want to answer with your regressions?

2. Why is this question important?

3. What is your hypothesis about what the answer will be?

4. What reasons do you have to form this hypothesis rather than the opposite hypothesis?

5. Are there reasons your hypothesis might turn out to be wrong? What are they?

II. Data

1. What organization created your data?

2. Where and when are the data from ?

3. What variables do they contain?

4. Present summary statistics about the data

5. How many observations are there?

6. Mean, median, min, max, standard deviation of the important variables in your data? put these in a table.

7. What are some limitations of the data?

8. Are they representative of the whole population or just some kinds of people?

9. Are they missing any values?

10. Are all of the variables measured well? Or might some of them contain error?

11. What measures do you construct from the variables in your dataset?

12. Do you use them as they are?

13. Do you make any into categories ?

14. Do you add, subtract, divide, multiply, or otherwise transform any of them to make new measures from your data?

III. Empirics

1. What regressions will you run? Write them down in the order that you'll run them

2. How to choose regressions: Did you make any important, subjective decisions when deciding how to run the regression? e.g. did you drop any observations, impute any missing values, create any binary or categorical variables from continuous variables? Try making these decisions a few different ways and run each of the corresponding regressions.

3. Display the y = B0 + B1*x + .... formulas for each of the regressions you'll run

IV. Results

1. Display each of your regressions one-by-one and discuss them individually

2. Discuss which coefficients are significant, which coefficients are large, and how their significance and size does or does not stay consistent across all the regressions you run.

3. Comment on how your R^2 and adjusted R^2 evolve

4. Show residual plots and discuss which observations are/are not systematically over- or under-predicted.

V. Conclusion

1. Summarize your findings and re-state why they are important.

Basically,

It is using some kind of econ stat.

Discrete probability distributions

Continuous probability distributions

Sampling and sampling distributions

Interval estimation

Hypothesis testing

Inference with two populations

Inference about population variance

Simple linear regression

Multiple regressions

Time Series.

Reference no: EM133684152

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