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Economics and Quantative Analysis Assignment

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Added on  2020-05-16

Economics and Quantative Analysis Assignment

   Added on 2020-05-16

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Running Head: ECONOMICS AND QUANTATIVE ANALYSISEconomics and Quantative AnalysisName of the StudentName of the UniversityAuthor note
Economics and Quantative Analysis Assignment_1
ECONOMICS AND QUANTATIVE ANALYSIS1Table of Contents1.Purpose.........................................................................................................................................22.Background...................................................................................................................................23. Method.........................................................................................................................................34. Result...........................................................................................................................................34.1 Descriptive analysis...............................................................................................................34.2 Scatter diagram......................................................................................................................44.3 Regression analysis................................................................................................................54.4 Goodness of fit.......................................................................................................................54.5 Predicted Wage......................................................................................................................65. Discussion....................................................................................................................................76. Recommendation.........................................................................................................................77. References....................................................................................................................................88. Appendix......................................................................................................................................9
Economics and Quantative Analysis Assignment_2
ECONOMICS AND QUANTATIVE ANALYSIS21.Purpose The report focuses on evaluating the relationship between education and wage. Educationof a worker determines the skill level and hence likely to affect wage. Therefore, difference inwage is one factor contributing to wage differential. The purpose of the report is to evaluate theproposed relationship between earnings of workers and education years. The estimatedrelationship has policy implication for reducing wage or income inequality. The objective is toexamine how education level influences wage. 2.Background Human capital is one important aspect determining the productive capacity of firms.Education is a qualitative attribute that not only contributes in development of mind but alsohelps in building a good character. The knowledge acquires from basic and formal educationguides individual towards the right direction after joining the labor force. Without educationpotential skills of an individual cannot be explored fully. It is true that formal education is notsufficient develop all the needed skill. After completing formal education professional trainingand skill accumulation is required (David 2014.) In modern technical world, without formaleducation the advanced technology cannot be learnt. These skills by determining productivityinfluences wage. Wage is the payment given by firm to the laborers. In general instance, wage isdetermined in the factor market from balancing labor supply and labor demand. The equilibriumwage thus depends on both demand and availability of workers. Firms always desire for highlyproductive pool of laborers. In order to have a skilled workforce often wage above the
Economics and Quantative Analysis Assignment_3

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