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write an Empirical Analysis report within a few materials that I provide. I have an introduction pdf and video(8min) very straightforward you can easily follow the video step by step

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EMPIRICAL ANALYSIS REPORT TEMPLATE

As mentioned in class, the purpose of an empirical analysis report is to summarize empirical

evidence related to your research argument. Hence, an empirical analysis report should include

clear discussions of the data used, the empirical model, the hypothesized results, the actual

results, and the researchers interpretation of the results. The empirical analysis report should

persuade readers that the empirical approach adopted was sound and the data used was

appropriate for testing the stipulated hypothesis.

In the preparation of your empirical analysis report, it is important to read Chapter 12 of the

textbook, which articulates the guidelines on communicating the results of a research project,

very carefully, paying attention to the Empirical Testing of the Analysis part (pp.

241-246).

Your empirical report, which should be 5-8 pages typed double-spaced, should be organized as

follows:

1. Testing Methodology

Describe the methodology used (e.g. the research used OLS applied to monthly time

series data for Country A covering the period from January 19xx to December 20xx)

Explain why the chosen methodology is appropriate for testing your research hypothesis

2. Empirical model

Provide the equation of the empirical model with clear descriptions of the variables in the

equation (e.g.,
the empirical model adopted is: ???? = ??1 + ??2 ???? + ???? where C is the

household expenditure (thousands of dollars), Y is income (thousands of dollars), Y is

wealth (thousands of dollars), and u is the error term that captures the effect of omitted

variables.

The empirical model should be linked to the theoretical model in terms of the variables,

functional form, mathematical manipulation, etc.

3. Data

A brief description of the sources and methods of the data used to test the hypothesis,

including any data transformations. This part, which is a very brief reiteration of the

information you provided in the data report, is aimed at persuading the reader that the

data are adequate for purposes of testing the research hypothesis.

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4. Hypothesized results

Before presenting the actual results it is important to explain the expected signs of the

coefficients (i.e., positive, negative, or uncertain).

5. Actual results

Present detailed results (including empirical test results) in Tabular form (if there are too

many results, some non-key results can be relegated to the appendix).

Figure 12.2, on Page 244 of the textbook, provides an example of how you could present

your results.

Regardless of how you present it, your results should include the sample size, estimated

coefficients, a measure of significance (e.g., t-ratio, p-value or standard error), a goodness

of fit measure (e.g., R-squared), F-statistic for significance of the overall regression, as

well as the results of any tests for econometric problems such as autocorrelation,

heteroscedasticity, etc.

Explain the nature of the reported standard errors (e.g. the usual OLS standard errors, or

heteroscedasticity-robust standard errors).

The Figures/Tables must be appropriately numbered, titled and referenced in the text.

6. Interpretation of the Results

Provide an appropriate interpretation of the results.

Your interpretation should include the following: are signs of the estimated coefficients

in conformity with the predictions of your hypothesis? Are the estimated coefficients

significant? How do your results compare to previous results? What is your detailed

interpretation (where detailed means going beyond just good fit or poor fit) of the

goodness-of fit measure such as R-squared? Were there any statistical problems (e.g.

heteroscedasticity, autocorrelation, etc.) that needed to be corrected in order your

reported results?

State and explain any anomalies in your results (e.g. where the estimated sign of the

coefficient differed from the corresponding theoretical sign).

Provide any general conclusions arising from your research.

7. Conclusions

Provide an overall summary of your findings, which involves restating your argument

and concluding as to whether or not your argument is valid e.g., were your empirical

results in conformity with your hypothesis; if your results were not consistent what are

the plausible explanations for this lack of consistency?

State any ways in which your study could be improved upon in future given additional

time and effort (e.g., better data, improved methodology, etc.)?

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8. Results appendix (if necessary)

If there are too many results in Part 5, some non-key results can be relegated to this

appendix section.

Some cautionary remarks:

Lack of significance of the estimated coefficients reported in Part 5 does not mean that your

research is wrong, and you will get a bad mark. What is more important is to appropriately

discuss the results that you have found.

Due date: Friday December 3, 2021

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Explanation & Answer:

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economics

Empirical Analysis

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