Economics and Quantitative Analysis Case Study 2022

Running head: ECONOMICS AND QUANTITATIVE ANALYSIS
Economics and Quantitative Analysis
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ECONOMICS AND QUANTITATIVE ANALYSIS
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Table of Contents
Purpose.......................................................................................................................................2
Background................................................................................................................................3
Method.......................................................................................................................................4
Results........................................................................................................................................5
Discussion................................................................................................................................10
Recommendation......................................................................................................................11
References and Bibliography...................................................................................................12

ECONOMICS AND QUANTITATIVE ANALYSIS
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Purpose
The purpose of this study is to determine and signify statistically of some variables.
These variables are the average life satisfaction and Gross Domestic Product (GDP) per
capita. This study illustrates the descriptive statistics that is the summary measure and the
inferential statistics that is the linear regression model has been defined based on the average
life satisfaction and Gross Domestic Product (GDP).

ECONOMICS AND QUANTITATIVE ANALYSIS
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Background
The life satisfaction is the determination of life of a person instead of present feelings.
It is also called the monotonic increasing function in the presence of income of a person or a
nation at some point (Proto and Rustichini 2013). The major aim of this study is to determine
the relationship between the life satisfaction and the gross domestic product per capita. The
purchasing power of parity defines that when a nation has a gross domestic product of fewer
than 15,000 USD, then this reflect the riches power of the country is on the downward
direction. This study illustrates the life satisfaction and gross domestic product per capita
among different countries of the world. The most noticeable point of this study is that the
there are some factors which is depends on the different countries. It has been seen from the
purchasing power of parity that the probability of maximum level of satisfaction of life is
more than 12% or less in the nations in respect of a poor per capita gross domestic product
which is fewer than 5,600 USD in the comparison with the countries with per capita GDP
15,000 USD (Balestra, Boarini and Tosetto 2018). The definition of life satisfaction is
different on different countries, which is based on the USD level is different among the high
or low GDP of a country (Brown, Oueslati and Silva 2016). The study on life satisfaction and
GDP per capita helps to the economist that to signify the presence of high or low gross
domestic product and their differentiation with respect to life satisfaction among the selected
different countries.