Question
Statistics and Probability i) What is the benefit of pooling cross sections over time for regression analysis? Which feature does allow this operation? In that
Statistics and Probability
i) What is the benefit of pooling cross sections over time for regression analysis? Which feature does allow this operation? In that case, are regression assumptions violated?
ii) We intend to analyze the effect of minimum wage adjustment on employment in January of 2022. Higher minimum wages reduce employment. However, we haven't had this data yet. In this case, we find similar period which had been occurred in 2016. Please write an equation for this problem which can be taken as an event study showing how two cross-sectional data sets, collected before and after the occurrence of an event, can be used to determine the effect on economic outcomes (Policy evaluation analysis). Which tools can be used? Express variables clearly.
Please send me answer ASAP.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started