term proposal

My Topic

This study will determine the wages (Wages) monetary compensation paid by an employer to an employee in exchange for work done.

Unemployment (Unemployment) measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. Inflation (Inflation) the percentage rate of change of a price index over time. Exchange (Exchange) the value of one currency for the purpose of conversion to another. Interest (Interest) the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

The model (less constant and coefficients)

Wages = Unemployment + Inflation + Exchange + Interest

Time series data: The period of time from 1999 to 2013

References

1. http://data.worldbank.org/indicator/FR.INR.LEND

2. http://www.indexmundi.com/g/g.aspx?v=71&c=in&l=en