Highlights
Overview
The research project that you undertake will use the regression techniques presented in this course. These techniques are employed to answer a specific question posed at the outset. It is an end-to-end modeling exercise, from the formulation of the question, to the identification and collection of the data, to the empirical analysis and the interpretation of the results. No empirical research report is complete without diagnostic tests and a thorough sensitivity analysis to ensure that the results are reliable.
The body of your report should consist of no more than 6 pages. Think of your report as the written component of what you would cover with a V.P.-level executive in a single half-hour meeting. They are busy people and want to quickly digest the recommendation from your report, understand the methods you used and be confident that you have carefully scrutinized the data and analysis.
2 Research Proposal
As a first step, you must submit a proposal for your research project. In this proposal, you will describe your research question and the data with which you plan to answer this question. You must be specific about the source of the data and your proposed strategy for obtaining it. The feasibility of your project depends on your ability to collect the data. This includes having the legal right to use the data for this project. Some of you may want to answer a question inspired by your employer and this is fine as long as data protection procedures are followed, including anonymizing the data as necessary, and obtaining any required permissions to share it with your teammates and your instructor.
Title : A title that states what you did is only adequate. A title that highlights what you found is much better.
Research question : Precisely state the question that you will seek to answer. Documenting the relationship between Y and X1 is too vague without the proper motivation. Referencing a conversation that takes as given the sign of a relationship between Y and X1 is a more precise starting point.
Unit of observation : i.e., individuals, corporations, countries, or time periods such as monthly or quarterly.
Time period covered : i.e., start and end dates for your sample.
Number of observations : This should at least be in the hundreds or more if possible. Dependent variable : This must include a precise definition of the variable, including the units in which it is measured.
Independent variables : Similarly, and will include multiple variables.
Data sources : This could be a website address or the name of a database, or could be a descrip tion of a data-gathering process, such as the downloading of prices from an online retailer.
The proposal is not directly graded but will be assigned one of three possible outcomes. Either it will be approved as is, or it can be approved upon agreement of suggested adjustments, or it will require a brief meeting to discuss any modifications. If there are no changes to the plan laid out in your proposal, then this proposal should serve as an early outline for your introduction and data sections of the research report.
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