For this project, you will work any with two datasets you like. One will be used for panel data models

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

For this project, you will work any with two datasets you like. One will be used for panel data models, and the other for qualitative dependent variable models (for this one you need to have at least 5 predictors). Your task will be to find the best fit model for each case by following the steps outlined below.

I. Panel Data Models

1. Briefly discuss your data and economic/finance/business question you are trying to answer with your model.

2. Provide a descriptive analysis of your variables. This should include histograms and fitted distributions, correlation plot, boxplots, scatterplots, and statistical summaries (e.g., the five-number summary). All figures must include comments.

3. Fit the three models below, and identify which model is your preferred one and why. Make sure to include effects plots, statistical diagnostics, etc., to support your conclusion, and to comment on your findings.

• Pooled

• Fixed Effects

• Random Effects

 

II. Qualitative Dependent Variable Models

 

1. Briefly discuss your data and economic/finance/business question you are trying to answer with your model.

2. Provide a descriptive analysis of your variables. This should include histograms and fitted distributions, correlation plot, boxplots, scatterplots, and statistical summaries (e.g., the five-number summary). All figures must include comments.

3. Fit the three models below, and identify which model is your preferred one and why. Make sure to include relevant plots, statistical diagnostics, etc., to support your conclusion, and to comment on your findings.

• Linear Probability Model

 • Probit Model

• Logit Model

4. Using your preferred model, make 4 different predictions, and comment on their reliability.

Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme