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Description

This involves the use of Stata

The answer must be one page per question, with font size 12 and double spaced.

a template answer sheet is provided for you to follow. Please note that most questions require short and concise answers.

Other questions can be answered with a self-contained table (we will cover this on week 6 in the lab, please refer to the guidelines on tables in the STATA guide). Please number your tables with the question number (i.e. “Table 1.2.” reports the results for question 1.2. in the text as well as in the do-file.)

You also need to provide an Appendix that contains a STATA log file (resulting of running a do file) that shows how you have solved each question.

Please show your calculations in the main text of the project (even if they are done in the do file).

You must use the template answer sheet and the template appendix given at the end of the document, and please follow all the instructions. Please fulfil all the questions and all the questions.

Word requirements: 5 pages of word document, with font size 12 and double spaced, one subquestion eg 1.1 for one page and max one page. At the end of this document, a template answer sheet is provided for you to follow. Please note that most questions require short and concise answers. Other questions can be answered with a self-contained table (we will cover this on week 6 in the lab, please refer to the guidelines on tables in the STATA guide). Please number your tables with the question number (i.e. “Table 1.2.” reports the results for question 1.2. in the text as well as in the do-file.)

You also need to provide an Appendix that contains a STATA log file (resulting of running a do file) that shows how you have solved each question.

Please follow every single instructions given in the above, Please also create one document for the answer and the second document for screenshots eg how to manipulate the code or anything etc, please explain them well on the logic behind them, so I am able to work on it step by step, thank you, please make sure to use the template answer and the appendix at the end of the document, also the to-do files etc as asked in the question. The first question part a) also have an excel sheet and please do provide the excel sheet.

Key facts for the excel sheet:

The part 1.1 of the question would require a justification of how we would justify about the above and below values, so what actually the correct way to do this is that we would ignore the above and below values and use the remainder of the values which would give us a total of 892 values, then we would take like a summary of the height of the children and the height of the parents. We would have the mean and then we would add and minus 3 times the standard deviation as it would cover 99% of all the values, and then we would take the minus 3 standard deviation as the below value and the plus 3 times the standard deviation as the above above. Then we would type in the codes like this, please kindly revise the document like this, thank you. Also the fact that you are finding the mean about the 892 values must be shown in the log file in the Stata eg finding the summary of the 892 values and then also finding the mean and then also finding the standard deviation, and then apply these values to the 928 values.

Identify another topic in Economics which has also analysed regression towards the mean. Provide a short summary of this literature, including the regression run, the key findings and the reasons why this phenomenon could be present.