Econometrics assignment 1 | Economics homework help

Assignment  1 [1]  Download  the  data  file  CHICK6.csv  from  Assignment  1. [2] Load the CHICK6.csv data into R and rename it so that it includes your own name or initials (for example, we  might  name  our  dataset  JunfuCHICK6 ). [3] Generate the mean and the standard deviation for the variables Y, PC, PB, and YD  from the CHICK6.csv data  set. [4]  You  are  going  to  run  a  regression  (in  [5])  where  Y  is  the  dependent  variable,  and  PC,  PB,  and  YD  are the  independent  variables.  Discuss  whether  you  think  the  independent  variable  PB  will  have  a  negative  or positive  eect  on  the  dependent  variable.  In  your  decision,  try  to  use  as  much  economic  theory  as  you  can  — theory  is  what  motivates  what  variables  are  included  in  a  model  and  what  sign  we  anticipate  for  the  model’s estimates. [5]  Estimate  the  model  in  R  and  present  the  results. [6]  Interpret  the  results  for  the  coefficient  PB  from  your  model.  Make  sure  to  include  whether  or  not  the result  aligned  with  your  expectations. 

Still stressed from student homework?
Get quality assistance from academic writers!
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 9294730077

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 20% with the discount code HURRAY