** Must Provide STATA output for full answer credit**

Use data on NFL franchises to analyze team market value. By studying how the estimated values vary across both teams and time periods, youll gain a better understanding of the panel nature of this data.

a. Take a look at the summary statistics for this data. First look at the pooled cross-section statistics, then break down the statistics by year. Display the results in a table and discuss your findings.

b. Estimate a pooled cross-section for the NFL data using the following independent variables: Attendance, Attendance squared, Fan cost index, Fan cost index squared, Wins, and Playoffs. Report your results and interpret the resulting coefficients. Discuss why using a pooled cross-section might not be the appropriate method for this data.

c. Estimate a fixed-effects model using all three years of data. Report your findings and interpret your results.

d. Estimate a random-effects model using all three years of data. Report your findings and interpret your results. Be sure to compare these results to the fixed-effects regression results.

e. Use a Hausman test to determine whether the fixed-effects or random-effects method is more appropriate in this case.