Data Economic Analysis Report Paper – Description
Learning Goal: I’m working on an economics report and need the explanation and answer to help me learn.
Economic Analysis Report
I need an outline and a source of data analysis before I can confirm the next step. The research paper topic must be meaningful and relevant to economics and business.
A. General Ideas
From your internship experience, create a hypothesis that relates two or more variables, and test your hypothesis statistically based on actual data from your internship job, and discuss the implications of the analysis. You need to know how to perform regression analysis and how to interpret the regression results (which covers the basics of regression). I will help you improve and refine your analysis, but you are the one who should initiate the analysis. You should not simply summarize or describe a case or data, or write an essay about something.
B. Data
The analysis must use actual data, not hypothetical data, although the names of persons and businesses or any identifiable information do not have to be revealed.
C. An example of economic analysis
Hypothesis testing
Suppose that you have worked for a commercial real estate brokerage firm. Your firm wants to maximize its profits or commissions by selling more commercial properties or office buildings. Potential buyers of office buildings are interested in the rents they can earn from the building they purchase. For these reasons, your firm and you would want to analyze the factors that determine the rents for office space. To that end, you would do the following.
First, create a hypothesis to analyze, meaning that you need to find out which variables are known to affect the rents. Those variables would include the distance to CBD (central business district), the year built,….. Discuss your findings about the variables in the report. That is, you need to justify why you include certain variables by citing the relevant literature. For instance, your key hypothesis would be that the closer to the CBD or the newer the building, the higher the rents. Second, collect the relevant data to analyze the relationship between the rents and the variables you found above. That is, collect the data on rents and other variables from your internship work experience at the broker. Third, statistically analyze the relationship between rents and other variables by conducting a regression analysis. Fourth, make some recommendations to the firm based on your analysis.
Structure your final report as follows:
Part 1: general report
Part 2: economic analysis
2a. introduction: discuss the importance of the issue you analyze in relation to your employer’s
business
2b. hypothesis: discuss the rationale for your hypothesis and the rationale for other control variables.
2c. data: explain your data and variables, and include summary statistics and explain it.
2d. empirical analysis: regression results and the interpretation of the results
2e. implications: discuss the implications of empirical analysis for your employer’s business
2f. shortcomings: discuss the shortcomings of analysis such as data limitation.
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