Construct a time-series dataset for a pair of variables (dependent - Y and independent - X). Make sure to choose a pair of variables which are expected to be correlated. Gather the data from a trusted web-site such as World Bank, IMF, Census Bureau, Bureau of Labor Statistics, etc. The data can refer to any geographical region and any variables. Make sure to have at least 30 observations (30 ordered pairs) in your sample. 1. Describe your dataset:
Where did you get the data from?
What is the dependent variable?
What is the independent variable?
2. Build a simple regression model based on your dataset. Run a simple regression with the OLS method in excel and calculate the intercept and the slope of the regression (interpret each of them). Include the model and the regression output in your submission file.