Analyzing and understanding data is an important part of
decision making. Econometrics
is defined as the statistical methods used to analyze data and make informed
decisions. For this assignment, you are required to research data related to an
economic issue or situation relevant to your organization or a business
organization in general (Use something in Healthcare). Use the Bureau of Economic Analysis website (http://www.nber.org/data/) to choose
data for this assignment. In addition, review the articles in Topic Materials
relating to econometrics. Analyze the data you have selected to determine how to
use them to make appropriate economic decisions for an organization. As you are
analyzing the data, apply econometrics methods (linear regression, statistical
mathematics, nonlinear regression, or another relevant model) to validate data
and determine strategies and solutions for the economic data retrieved. Please
review the “Sample Econometrics Problem” resource to assist you in
completing this assignment.
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Write a summary (500-750 words) to discuss your data findings
and the proposed solutions generated based on applying econometrics and
analyzing the data. You are required to submit the selected data, methods for
testing and validating data, and the economic decisions you have established
based on analysis of the data.
Prepare this assignment according to the guidelines found in the
APA Style Guide, located in the Student Success Center. An abstract is not
You are required to submit this assignment to Turnitin.