ECON $382$

Class project

Preparations:

$1)$ Choose a topic and a research question: Are Y and X are correlated? this is the research question that i chose $[$is there a correlation between the level of education $($X$)$ and income $($Y$)?]$

$-$ Y: Dependent variable $($Income$)$

$-$ X: Independent variable of interest $($Education$)$

$2)$ Choose two control variables $($they are also independent variables$)$

$3)$ Collect data for your variables $($make an excel spreasheet database on the $30$ observations$)$

$-$ You need at least $30$ observations

$-$ Your dependent variable must be quantitative

$-$ From you three independent variables, one of them must be binary.

In your r$-$script:

$1)$ Describe your research question and why you think X & Y are correlated.

$2)$ Discuss your variables. Use figures and tables to examine your variables and possible correlation between your independent variable of interest and your dependent variable $($you can use tables, box$-$plots, scatterplots, and so on here$).$ It depends on your research question and variables.

$3)$ Define your model & run a linear regression

$4)$ Discuss your results. In this section you must discuss and interpret your coefficients.

$5)$ Draw some conclusions based on your results

$6)$ Discuss how this research can be improved for future studies $7)$ put all this information into a rscript and show me a screenshot of it $8)$ and show me a screenshot of the $30$ variables of the data set that i can import into my rscript