Analysis of data that I provided, Test the relationship between GDP
and unemployment; GDP
and inflation, GDP
This typically involves estimation and hypotheses testing. please start with the equationa and the estimations( p-value test ,T-test)
You are expected to apply some econometrics techniques to address the underlying research question.( eg. the coefficient for unemployment is -0.016022437, which is correct since gdp
and unemployment are inversely related. but i get -5.01398E-06 for consumption and gdp
should be positively correlated to consumption)
please do not put the data table in the report. that just waste the space. I need more analysis ..
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