ECON 712 : Applied Econometrics - Calculate Summary Statistics for Real Imports - Economics Assignment Help

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Assignment Task :

Mini Project 1  

Using the data available in the file “Canada Macro Data” in the Data folder on the Blackboard, and a statistical software,

  1. Calculate summary statistics for real Imports (M), real GDP, and the Canadian versus US dollar Exchange Rate, 

  2. Create two scatter plots, one for real Imports vs. real GDP, and another for real Imports vs. Exchange Rate.

  3. Estimate a simple regression that explains whether and how real Imports is affected by the real GDP.

  4. Estimate another regression that explains whether and how real Imports is affected by Exchange Rate.

  5. Report the summary of your estimation results for parts c and d and comment on them.

 

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