Reference no: EM133361831
Assignment: The COVID-19 pandemic has drastically impacted many aspects of our society since 2020. At the macroeconomy level, the pandemic has disrupted consumption, employment, and the supply chain. Meanwhile, microeconomic entities from giant companies to households also suffered from the consequences of the pandemic.
It seems that companies struggled to some extent during the pandemic. However, not all firms fared the same, with some showing stronger performance than others. Much of the pandemic's impact was a function of the industry in which the firm operated; some industries seem to shrink and almost shut down, while other industries continued to operate albeit in a different environment.
In this project, you are going to analyze the data and evaluate the impact of industry-specific COVID-19 economic effects on firms' financial performance. More precisely, you are going to examine the relationship between the change in the consumer price index and gross domestic product at the industry level, and the change in a firm's financial performance. Here are the steps:
AMPS: Ask the Question (answered already)
Clearly identify and state your research question and the hypothesis (in both the null and the alternative form) you are testing.
Research question/ Hypothesis: The Covid 19 pandemic had a significantly negative impact over all industries for its entire duration
Null Hypothesis: The Covid 19 pandemic had no significant impact over industries for its entire duration
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