Using the World Development Indicators database of the World Bank, download data for Ghana for year 1960 to 2019 to answer the following questions.

Write all your results and interpretation in word document and submit the word document via google classroom.

Use the following variables; GDP (constant LCU), Gross capital formation (% of GDP), Consumer price index.

Questions

1. Provide descriptive analysis and plot time series graph for each variable (6mks)
2. GDP is influenced by gross capital formation and consumer price index (consider data for 1970-2018).Write the null and alternative hypotheses ?
   1. Run the OLS regression and interpret your results ( R square, F test, coefficients) ?Conduct the diagnostics tests and interpret your results ?
   2. After accounting for the diagnostics, are the results different from the ones in (iib) above? Explain ?
   3. 
      

Answer rating: 100% (QA)

Ghana sits on the Atlantic Ocean and borders Togo Cote dIvoire and Burkina Faso It has a population of about 296 million 2018 In the past two decades it has taken major strides toward democracy under ... View the full answer