Quantitative Methods for Economists Referred/Deferred Work Assessment 2 – Data Report Introduction You should complete the original task as outlined. Using the feedback your received you should rework your answers and improve your work. If you have lost your data requirement brief you should e-mail Helen and request that it is e-mailed to you. Instructions on how to get Minitab are available on the learning room. For support on what to do you should look at the following pages on NOW: Support and Guidance Online Engagement Videos and Slides – this contains all of the videos and slides from the relevant online engagement sessions which took place. This will help you with running the problems in Minitab and how to interpret the output. Template – your work should be written up using this template Marking Matrix – this provides information on the marking criteria and helps you understand what is expected for you to pass the work. If you have any questions please get in touch with Helen. Tasks 1. For the countries outlined on your Data Requirement Brief (DRB) collect data on Gross Domestic Product (GDP) per capita. 2. Collect a time series of 20 observations on an environmental factor (e.g. C02 emissions) for one country of your choice from your list. 3. For the countries outlined on your Data Requirement Brief (DRB) collect data on life expectancy at birth. 4. Analyse the data you have collected using Minitab. A: Cross-section Data (using data from task 1) a. Comparative boxplot b. Summary measures to allow you to describe and compare your cross-sectional data B: Inference (using data from task 1) a. Construct a 95% confidence interval for the population mean GDP per capita for Region 1. b. Under take hypothesis testing. It has been claimed by the World Bank that the average GPD per capita is $14000. The population standard deviation was found to be $19543. Do you agree with the claim made by the World Bank that the average GPD per capita is $14000? C: Time series analysis (using data from task 2) a. A time series chart to portray you time series data. D: Bi-variate Relationships (using data from task 1 and task 3) a. Produce a scatterplot b. Find the correlation coefficient c. Find the linear regression equation d. Use you linear regression equation to estimate the GDP per capita for a country that has a life expectancy at birth of 60 years. 5. Write a summary of your findings using the template that is provided on NOW. This should be no longer than 2000 words in length. You must attached your data requirement brief, your data lists and relevant Minitab to the report. Guidance Notes 2. Your assignment should be no longer than 2,000 words. a) There is NO 10 per cent rule – 2,000 words maximum means 2,000 words maximum, not up to 2,000 words. b) The word limit excludes diagrams, information in the appendices and references. c) Ensure you use the word count effectively so that you meet the learning outcomes. 3. Support documents can be found on NOW. 4. In assessing your work tutors will look to ensure you have fulfilled the requirements of your DRB and have found appropriate time series data. 5. In assessing your findings (and this is reflected in the marking grid), tutors will reward: a) Collection of data and relevance of data collected b) Full and clear definition of variables c) Suitable range and quality of MINITAB output d) Clarity of explanation of results e) Use of Harvard referencing f) Quality of written communication g) Overall presentation quality 6. Your tutor will not read first drafts. We wish to mark what you think rather than our own thoughts. Tutors are happy to clarify areas of confusion. 7. Submit your completed assignment via the drop box set up for the module on NOW. Please note that leaving the submission process to the very last few minutes leaves you no leeway if you are having uploading problems. Reports submitted late without prior agreement will be treated as late and will be capped. This includes reports which are submitted one minute late. 8. Your submission must be in PDF format.
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