The main goal of this project is to help students to apply quantitative analysis techniques particularly predictive analytics to an empirical study relating real GDP to physical capital and effective labor. The project requires students to analyze problems, recommend a solution, and compose a written report.
Learning objectives
Upon completing this research project, the student will be able to:
• Describe the relationship between real GDP and factors that affect it.
• Develop a regression model to analyze the relationship between real GDP and a set of selected variables;
• Collect relevant data from a selected country(see list below) and apply data analytics to empirically describe the relationship; create visualizations and tell a story.
• Use the different values of the explanatory variables to real GDP.
Sample Solution