Generate the mean and the standard deviation for the variables Y, PC, PB, and YD from the CHICK6.csv data set.
Assignment 1
[1] Download the data file CHICK6.csv from Assignment 1.
[2] Load the CHICK6.csv data into R and rename it so that it includes your own name or initials (for example,
we might name our dataset JunfuCHICK6 ).
[3] Generate the mean and the standard deviation for the variables Y, PC, PB, and YD from the CHICK6.csv
data set.
[4] You are going to run a regression (in [5]) where Y is the dependent variable, and PC, PB, and YD are
the independent variables. Discuss whether you think the independent variable PB will have a negative or
positive eect on the dependent variable. In your decision, try to use as much economic theory as you can —
theory is what motivates what variables are included in a model and what sign we anticipate for the model’s
estimates.
[5] Estimate the model in R and present the results.
[6] Interpret the results for the coefficient PB from your model. Make sure to include whether or not the
result aligned with your expectations.
