Econometrics Class using R studio software

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).

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