use http://www.principlesofeconometrics.com/stata/beer.dta

2. Describe the dataset:

• What can you tell me about the data?
• How could we use this data?
• Who would care about this data?

3. Choose 2 variables and provide univariate summary statistics for each.

• Use the summarize command & show histograms
• What patterns do we see in the variables?
• Comment on why these patterns might exist in the dataset
• What kind of biases might exist in the patterns seen here?

4. Perform a short analysis of the relationship between the two vars

• Show a scatter plot of the two vars
• Show the coefficient of correlation & discuss.
• Perform a simple regression of each var on the other (two separate regressions)
• Do these regression results match your expectations, based on economic theory?