econ project Model part

School of Economics has partnered with Econsult Solutions to provide you with data used by Econsult on

recent consulting projects, whose results you will need to successfully replicate, evaluate, and improve or

extend as if you were part of their consulting team.

1. Introduction – Review the relevant Econsult study and related literature and describe your approach

to improving upon or extending their main analyses, explaining why this is economically and/or

statistically important.

2. Model – Describe the econometric model used by Econsult in their analysis and explain the different

modelling choices that you make, including your choice of independent variables and functional

form. You should state any hypotheses to be tested along with predictions on the signs of your key

independent variables, drawing upon economic theory where appropriate.

3. Data – Beyond the core dataset provided by Econsult, describe the source(s) of any additional data

you may also choose to use, and summarize the primary features of your final dataset in a table

indicating the number of observations, mean, median, standard deviation, minimum, and maximum

for each variable along with anything else you feel may be noteworthy.

4. Results – Present and interpret your econometric results for both the replication and extension of the

Econsult project as they relate to the economic question(s) that these were intended to address. Be

sure to include the results of econometric tests you performed and compare these to the predictions of

the econometric model. Carefully explain any steps you took to correct for econometric problems

you may have encountered. Discuss any remaining shortcomings or limitations of your analysis,

especially those of an econometric nature.

5. Conclusion – Briefly summarize your main results and suggest any avenues for future research.

6. References – Be very certain to give credit to any references used, including data sources.

Write model part after reading report and perposal.

I only need model part for two pages double space regular size.