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Question 1. Regression models are a workhorse method of statistical and/or econometric analysis. These models can take the form y=?0+?1x+e, where y is the dependent variable and x the independent variable. These equations are usually fit to data using a technique known as “Ordinary Least Squares”, or OLS. Briefly explain the mechani... Get Start

Assignment Task   Question 1  A researcher on the economics of innovation is interested in the country-level factors that predict R&D (Research and Development) investment. To study this, they take data on 27 OECD countries and regress R&D investment (as a percentage of GDP) against economic output (measured as the log of... Get Start