Describe the policy issue and outline the broad nature

Reference no: EM131076357

In a group of one or two, select a policy issue that can be examined using StatisticsCanada data (see statscanada and carry out an analysis of this issue (if you have another data set that you are using for your own research and that you would like to use for this assignment, please let me know and I will try and accommodate you). In doing so, follow these steps:

1. Describe the policy issue and outline the broad nature of the quantitative analysis that you will undertake.

2. Describe the ideal data that, if it were available, would allow you to analyze the issue.

3. Describe the data that is actually available and how it maps with the ideal data. Outline the strengths and weaknesses of using the available data to examine the problem.

4. Collect, clean, and format the data for use in Tableau.

5. Use Tableau to present a summary (e.g., average, median, standard deviation, maximum, minimum) of the data in either a table or graphs. Indicate if there is anything noteworthy about the data that might have an impact on the subsequent analysis.

6. Use Tableau to present the data graphically in a way that allows you to examine or explore the policy issue. In particular, use scatter plots to show the relationships that exist between the variables.

7. Using the graphs you have prepared, describe the keyv ariables and the relationships that you observe between the key variables, as well as the impact or in?uence of "third" variables. Please note that this question is one of the more important questions in the assignment and should receive an appropriate amount of attention.

8. Outline at least one regression that you wish to run to further explore the relationships between your variables (you must have at least two explanatory variables in the regression in addition to the intercept). What are the key variables of interest in the regression? What is the expected sign of the coef?cient in front of these variables? How did you arrive at a determination of the expected sign?

9. Are there variables missing that you think would be important to include if they were available? What are they and why are they important?

10. Based on your understanding of the policy issue and your beliefs about the expected sign and magnitude of the coef?cients, formulate a null hypothesis H0 that you wish to test (H0 should be expressed in terms of the unknown parameters in the regression). What is the connection between the null hypothesis and your policy question? What is the alternative hypothesis Ha? Specify the level of statistical signi?cance that you will use.

11. Run the regressions and present the results in a table.

12. Test H0 using the regression results. Indicate whether you reject or do not reject H0.

13. Are there any reasons to expect that your coef?cient estimates might be biased in one way or the other? If yes, what are they?

14. Use the results of your graphical and regression analyses to draw conclusions about the policy issue that you are examining.

Format

Please use a 12 point font and double-space your answer. Maximum length: 2000 words

Reference no: EM131076357

Questions Cloud

Is the marginal cost curve upward or downward sloping : A common news story in any jurisdiction with single payer health care systems - for example, in Canada their socialized system does not allow private health care alternatives - is the battle that pits the government health system's refusal to pay for..

Build an investment portfolio for client to maximize return : You are assigned to build an Investment Portfolio for a client to maximize the return. You are allowed to select quality ETFs or equities listed on Tab (5); bonds and penny stocks not allowed

Revise the implementation of the adt binary search tree : Revise the implementation of the ADT binary search tree to add this new feature by adding the data member last Accessed to the class.

Role in the health care system : An important element of our emerging health care system is informatics. Define informatics, their role in the health care system and the potential they have to achieve cost reductions and improved quality of care. Write a 2-3 page paper double spaced..

Describe the policy issue and outline the broad nature : Describe the policy issue and outline the broad nature of the quantitative analysis that you will undertake. Describe the ideal data that, if it were available, would allow you to analyze the issue.

Financial panic causes shift in demand from situation : A financial panic causes a shift in demand from a situation where there was no discount lending to a situation where there is. Show this on a graph of the supply and demand for reserves.

Create a balanced binary search tree using the read tree : create a balanced binary search tree using the read Tree algorithm

Occupational exposure to ionizing radiation : Discuss the difference between ionizing and non-ionizing radiation. Provide one example of an occupational exposure to ionizing radiation and one to non-ionizing radiation.

Write a client class to test all the methods in your class : Write a class encapsulating the concept of a student, assuming the student has the following attributes: a name, a social security number and a GPA

User Account

All Pages