The development economist has expanded her analysis. Apart from annual population growth (%), per capita GDP (PPP
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The development economist has expanded her analysis. Apart from annual population growth (%), per capita GDP (PPP current international thousand dollars), and subjective wellbeing (SWB), she has added the following variables to the file Countries electric power consumption (per capita \(\mathrm{kWh}\) ), crude death rate (per 1,000 people), life expectancy at birth (years), and ecological footprint (global hectare). Develop the most appropriate multiple regression model to predict a country's SWB. Be sure to include a thorough residual analysis. Provide a detailed explanation of the results.
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Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
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