ECN 601 Econometrics is defined as the statistical methods used to analyze data

the assignment is: Analyzing and understanding data is an important part of decision making.Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis website to choose data for this assignment. In addition, review the articles in Topic Materials relating to econometrics. Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression, or another relevant model) to validate data and determine strategies and solutions for the economic data retrieved. Please review the "Sample Econometrics Problem" resource to assist you in completing this assignment.

Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data. You are required to submit the selected data, methods for testing and validating data, and the economic decisions you have established based on analysis of the data.

Class, in order to perform the econometrics analysis (such as a linear regression analysis) you would need to use the raw data found on the BEA. This requires the use of a spreadsheet to show what you have done with the data. You would then write your analysis of your econometrics based off of the results found in your spreadsheet.

Therefore, for Week 2 assignment, please submit your 1) MS Excel spreadsheet that contains your data and analysis, and 2) MS word document that has a brief description of your study and summary of results.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to Turnitin.