Question
Task- Is what I need help on and that's ur task I wrote some information Section 1: Dependent variable: Choose the main variable that you
Task- Is what I need help on and that's ur task
I wrote some information
Section 1:
Dependent variable:Choose the main variable that you want to measure versus other variables.(I chose Supply and Demand of Labour)
1. Task: The main variable will go on the vertical axis of your scatter plot.
Provide a rationale for why you chose this variable and brainstorm different variables that may impact it.
What I wrote: (Labor is required for the production of products and services. It is a driving force behind the mobilization of passive capital resources.The purpose of this topic is to explore the... (state why we would want to explore something like this).Although employers prefer lower wages to workers who supply that labour, workers desire higher earnings. Workers are willing to give labour because their pay allows them to purchase the goods and services they desire.)
2. Task: State why we would want to explore something like this.
3. Task: Research the variable on the internet and collect data for at least 10 years (the more the better) or over at least 10different placesin the same year. Note:Statistics Canada is our most reliable source for data and one of the best sources to get a wide variety of data.
Section 2:
Independent variables:Choose the independent variablesthat you want to measure against the dependent variable.
This is what I have for Supply and Demand of Labour:
- The number of qualified people.
- The difficulty of getting qualifications.
- The non-wage benefits of a job.
- The wages and conditions of other jobs.
- Demographic changes and immigration.
1. Task: You will find 2different variables for which you can create a line of best fit with to test correlation.
2.Task: You need to find variables such that they overlap with the data that you chose for your dependent variable.
For example:If you found the years 1990 to 2010 for your dependent variable, you will need to find those same years for each of your independent variables.If you had data across the provinces and territories for your independent variable for 2016, you will need data across the provinces and territories for 2016 for each of your independent variables.
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