(solved) Assignment on Econometric
33 Pages5412 Words256 Views
Added on 2020-10-04
(solved) Assignment on Econometric
Added on 2020-10-04
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ECONOMETRIC
TABLE OF CONTENTSQuestion 1........................................................................................................................................3Reporting and discussing summary of numbil0, natrent, pop, gdppc, roflaw............................3QUESTION 2...................................................................................................................................52 Providing scatter plot with application of ggplot command....................................................52(1) Numbil0 on vertical axis, natrent on horizontal axis...........................................................52(2) Numbil0 on vertical axis, pop on horizontal axis................................................................62(3) Natrent on vertical axis, pop on horizontal axis..................................................................7QUESTION 3...................................................................................................................................83 providing scatterplot with use of ggplot() command...............................................................83(1) numbil0 on vertical axis, gdppc on horizontal axis.............................................................83(2) numbil0 on vertical axis, roflaw on horizontal axis............................................................93(3) gdppc on vertical axis and roflaw on horizontal axis..........................................................9QUESTION 4.................................................................................................................................10QUESTION 5.................................................................................................................................14QUESTION 6.................................................................................................................................16QUESTION 7.................................................................................................................................18QUESTION 8.................................................................................................................................19QUESTION 9.................................................................................................................................20Appendix: R Script........................................................................................................................27
Question 1Reporting and discussing summary of numbil0, natrent, pop, gdppc, roflawNumbil0numbil0Min.1.001st Qu.2.00Median4.00Mean8.8513rd Qu.11.000Max.59NatrentNatrentMin.0.000e+1st Qu.9.291e+Median6.781e+Mean2.522e+3rd Qu.3.810e+Max.1.873e+PopPopMin.338081st Qu.7173727Median20762750Mean411333543rd Qu.59140875Max.249865520GdppcGdppcMin.0.69231st Qu.8.1332Median24.3301Mean29.42623rd Qu.44.3392Max.193.8923RoflawroflawMin.0.08951
1st Qu.0.44246Median0.71356Mean0.670923rd Qu.0.92327Max.1.00000Interpretation: Natrent as total natural resources rents in $US and population size has need ofscaling which are scaled to trillions of USd and millions respectively. Thus, rest all variables areappropriately scaled. Typical country has about 8.85 billionaires with total natural resources rentin $US are approx. 2.52 and population size is 41133354. It has GDP per capita of $2942 with itslaw of index as 0.67.QUESTION 22 Providing scatter plot with application of ggplot command2(1) Numbil0 on vertical axis, natrent on horizontal axisInterpretation: The scatter plot between among number of billionaires in country (y axis)and total natural resources rent in $ US (x axis) has been reflected. It has shown positiverelationship as natural resources are increasing simultaneously billionaires are raising.
2(2) Numbil0 on vertical axis, pop on horizontal axisInterpretation: The above scatter plot is reflecting number of billionaires on y axis andsize of population on x axis. There is huge density and strong evidence of positive relationshipamong both variables.
2(3) Natrent on vertical axis, pop on horizontal axisInterpretation: The above scatterplot is reflecting population on horizontal axis andnatural resources rent in $US on vertical axis.
QUESTION 33 providing scatterplot with use of ggplot() command3(1) numbil0 on vertical axis, gdppc on horizontal axisInterpretation: The scatter plot of GDP and number of billionaries in country shows thatthere is no relationship in these variables.
3(2) numbil0 on vertical axis, roflaw on horizontal axisInterpretation: The scatterplot for rule of law index and number of billionaires in countryis moving with strong relationship.3(3) gdppc on vertical axis and roflaw on horizontal axis
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