Question: please give detailed and correct solution ...I sincerely request for all parts (a) to (g) Problem 1 (a) Obtain time series of real GDP and

please give detailed and correct solution ...I sincerely request for all parts (a) to (g)

please give detailed and correct solution ...I sincerely request for all parts

Problem 1 (a) Obtain time series of real GDP and real consumption for a country of your choice. Provide details. (b) Display time-series plots and a scatterplot (put consumption on the vertical axis). (c) Convert your series to growth rates in percent, and again display time series plots. (d) For each series, ,provide summary statistics (e.g., mean, standard deviation, range, skewness, kurtosis, ...). (e) Run a simple OLS linear regression in R and interpret its coefficient estimates. (f) Interpret goodness-of-fit metrics for OLS linear regression. (g) Relate R' with correlation coefficient

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