Household and the environment , Econometrics

Assignment Help:

Choose Y and X variables to model on the Household and the Environment Survey 2006. Using Ox software to write a program to do estimation, and then write a report based on the analysis. The report would be a Word. Doc., include the Ox. Program file and other supplementary files as appendix to the report.

Tasks:

a. Go through the variable lists and other documentation for the Household and the Environment Survey 2006 (HES survey)

b. Choose a Y variable to model, which can be either binary or (modeled as) continuous.

P.s:(You may want to transform the survey variables to construct Y . One way to make good choices is to search for and find research papers that analyze the same data or another data set containing similar variables.)

c.      Choose a set of X variables to include on the right hand side of your model(s) in the X matrix. As with Y the choice of X is not best made without exploring the data.

P.s: (As you can see from articles, people often run a set of models on one Y variable, starting with a basic set of X's and then adding columns to the model to see how this affects the estimates of the other coefficients. You can do this, starting with a basic set of variables for which you think the path of causality to Y is clearest. Then add to X other variables that are more interesting but possibly not exogenous to Y or plausibly correlated with unobserved factors that cause Y. In this case you report your models in one table: each column is one estimated model (specification). Each row is a X variable, with blanks appearing when X was excluded.)

d. The survey asks sequences of related questions, such as ways household recycle...You can choose to model a set of related questions as different Y variables. If you model several related Y 's the X variables should be the same for each endogenous variable (do not show different specifications). And report all your estimates in one table: each column is a different model / Y variable, and each row is a different X variable.

e.      Use the analysis in some way to illuminate what the data say about the topic.

(Examples include: test a hypothesis about the estimates that answers an interesting question, test for differences in coefficients across specifications, compare expected outcomes across groups, predict outcomes for some type of observation not in the data..)

f.      After the process of choosing X's and Y 's, write a program to do the estimation in your paper.

(That is, don't show in this program all the experimenting you did to get to your analysis, but show every step that contributes directly to the report. The submitted program is to load the raw data set, clean it up by transforming and recoding variables, send the clean data to a model, estimate the probit or regression models, and produce any extra output needed for your use of the estimates.)


Related Discussions:- Household and the environment

Find out current stock price and the riskfree rate, Currently the stock of ...

Currently the stock of Backstreet Toys (BT) is selling for $20 per share and the risk free rate is5%. a) Draw a payoff diagram for each of the following 3 portfolios: i. Buy

E-views, The following table gives data on the Consumer Price Index (CPI) a...

The following table gives data on the Consumer Price Index (CPI) and the Standard & Poor (S&P) company''s index of 500 common stock prices. Year CPI Index S&P 500 Index 1978 65.2 9

Stata coursework, Discuss the descriptive statistics of total government ex...

Discuss the descriptive statistics of total government expenditures and per capita government expenditures. Plot their histograms and comment.

Need help with Econometrics Coursework, Hello I am a PostGrad student. Need...

Hello I am a PostGrad student. Need some help in the coursework

Calculate the after-tax operating cash flows, Your firm will produce widget...

Your firm will produce widgets for the next 10 years (starting at t=1). Annual revenue from selling widgets is $20,000. Production requires an initial outlay (at t=0) for machin

Maximising levels of capital, A perfectly competitive firm hires its machin...

A perfectly competitive firm hires its machines at a constant rental rate of r = 5 euros per unit and its workers at a constant wage rate of w = 4 euros per unit. It can also sell

#title.MULTICOLINEARLITY, HOW TO USE CORRELATION OF THE OFF DIAGONAL ELEMEN...

HOW TO USE CORRELATION OF THE OFF DIAGONAL ELEMENTS OF THE COVARIANCE MATRIX TO DETECT MULTICOLINEARLITY

Models, when is an econometric model said to be simple and naive

when is an econometric model said to be simple and naive

Correlation and rank correlation, Explain the difference among the usual (p...

Explain the difference among the usual (product moment) correlation and rank correlation. In what situations is it more appropriate to use rank correlation?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd