# Econometrics Class using R studio software

*label*Economics

*timer*Asked: Nov 1st, 2018

**Question description**

who is familiar with Econometrics using Excel and **R Studio** ?

- The Econometrics questions will require to...
- To describe, visualize, summarize, and predict data using R Studio
- All questions will focus on the “2016X” dataset (but maybe you find use for the 2015X in other areas)
- About 1/3 of the questions will ask you to describe and apply your ‘best’ model. Now is the time to build that model
- In general, the higher the R2 the more useful the model (= higher grade).
- However, keep in mind a high R2 can also occur when overfitting. Keep the model simple (fewest number of explanatory variables) to allow a more robust interpretation (and prediction) of the dependent variable (GDP).