Highlights
1. Choose 2 models suggested by other researchers:
1.1 Multiple regression
1.2 Nonlinear regression (also multiple)
2. Choose different country (for time series data) or region (for cross-sectional data)
3. Collect data (at least 15 observations for each model). If it’s impossible to find the same variable – replace by similar one (arguments are expected)
4. Estimate and analyze both models:
4.1 Significance of variables
4.2 Multicollinearity
4.3 Serial correlation
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