Write a 4-5 page paper in which you:
Develop and discuss a relationship that can be modeled with a simple regression.
State the model in mathematical terms.
Estimate the model and interpret the meaning of the coefficient estimates.
Discuss a hypothesis test that would help confirm your theory.
The specific course learning outcomes associated with this assignment are:
Apply econometrics to conduct and present the analysis of economic data to support business and public policy decisions.
Apply regression analysis to interpret the characteristics of populations and test hypotheses.
Use technology and information resources to research issues in econometrics.
Write clearly and concisely about econometrics using proper writing mechanics.