Question
Answer all questions for 50 points. You may use Excel, R, Eviews, or SPSS to estimate your regression model. Be sure to consider the following
Answer all questions for 50 points. You may use Excel, R, Eviews, or SPSS to estimate your regression model. Be sure to consider the following issues below:
Collect 20 or more observations (data) to estimate a regression model. You may forecast consumer demand, prices, costs, or output.
Sources of data: the US Commerce Department; the Bureau of Labor Statistics (BLS); the Federal Reserve Bank of St. Louis (FRED); the Bank of England; the Bureau of Economic Analysis (BEA); Yahoo Finance; annual reports of publicly traded companies, and the Securities and Exchange Commission (SEC).
(i) What are the relevant variables of your model and how are they operationalized (5 Points)? (ii) What type of data are you utilizing (5 Points)? (iii) What is the time horizon of your analysis (5 Points)? (iv) Could you identify disturbances that occurred during your period of inquiry (5 Points)? (v) How efficient is your regression model (5 Points)? (vi) What are the significant variables? Why (5 Points)? (vii) What are your managerial proposals and considerations of external validity (10 Points)? (viii) Are your empirical findings consistent with the literature (10 Points)?
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