What are empirical generalizations

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Now, please answer the following questions (each question should be approximately 150-200 words and include appropriate in-text referencing).

Question 1. Describe the key patterns that can be observed in the above results.

Question 2. On the basis of the results of your analysis, what key facts about consumer behavior discussed in the lecture could you confirm?

Question 3. Discuss the main advantages and disadvantages of panel data.

Question 4. What are empirical generalizations and why are they important to understanding consumer behavior? Include an example of empirical generalizations discussed in the lecture, which you can see in your calculations.

Reference no: EM132504833

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