write a paper for this semester for my Economic statistics class and My topic is ‘how minimum wage increased unemployment and reduced job creation’ basically I have to update how I am doing on this project every week I did part 1 and 2 last week.
Part 3 instruction
Keep in mind that this project is studying the impact of some independent variable X on a dependent variable Y. But since there are many variables X that have influence on the variable Y, it is important to include all those variables on the right hand side of the equation.
To ensure that the model is both interesting and manageable, it should contain at least three to four independent variables on the right hand side. The model should be formulated as an algebraic, linear, stochastic equation along with a corresponding verbal statement of the meaning of the equation. The expected signs of all the coefficients should be considered. All relevant multipliers, short-run and long-run, should be identified and considered.
e, and possibly (3) Income level of ticket holders, which will be positive. All independent variables will correspond to X.
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