Read the article the effects of remittances on savings

Question

Read the article "The Effects of Remittances on Savings" provided on Aula Virtual and do the following:

1) Write a short summary of the article, in which you highlight the following: what is the main hypothesis of the author? What issues, with respect to the data and statistical methodology, does the author encounters? What is his conclusion?

2) Then, use the excel file named saving on Aula Virtual and do the following: provide a summary statistic table for the variables Remittances and USSaving. Provide a scatterplot of Remittances against Savings. Based on the scatterplot, can you find any type of relation between the two variables? (Explain). What kind of problem do you observe in the relation between the two variables, based on the scatterplot? (Explain). Calculate the correlation between remittances and savings for the whole sample. Then, calculate the correlation between the two variables, but this time use only the positive values of savings. Based on the correlations that you calculated, what can you tell about the relation between the two variables? Overall, are your results in line with the results provided in the article (Explain).

Attachment:- Data.rar

Answer 1

The given assignment has a topic which illustrates the whole things. Read the article "The Effects of Remittances on Savings" provided on Aula Virtual and do the subsequent: 1) Make a short summary of the article, in that you highlight the subsequent: what is the main hypothesis of the author? What concerns, through respect to the data and statistical methodology, does the author encounters? What is his conclusion? 2) Then, employ the excel file named saving on Aula Virtual and do the subsequent: give a summary statistic table for the variables Remittances and US Saving. Provide a scatter plot of Remittances against Savings. Based on the scatter plot, can you find any type of relation between the two variables? (Explain). What type of difficulty do you examine in the relation between the 2 variables, based on the scatter plot? (Explain). Compute the correlation between remittances and savings for the whole example.