Question: 1 ) Perform descriptive statistics and create a correlation matrix for this data. Note any relationships or findings of interest. Will multicolinearity be a problem
Perform descriptive statistics and create a correlation matrix for this data. Note any relationships or findings of interest. Will multicolinearity be a problem in this data?
Is GDP Growth a significant predictor of Bribery? How well does the model perform?
How do the three Culture variables influence Bribery likelihood? Interpret your regression model. Disclaimer: You would not typically want to have so many variables in a regression model with this small of a sample. The questions here are for learning purposes only
What happens to this model if you control for a country's HDI Score? Now, instead of including HDI Score as a control, create a dummy variable so that you can control for whether a country is Low HDI in the regression model. How does this affect the model?
Does Rule of Law affect Bribery rates? Some experts believe Rule of Law is good in moderate amounts. They predict more Bribery will happen when rule of law is either nonexistent or very high suggesting a nonlinear relationship Please test that assertion.
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