In three full paragraphs, tell me what you have learned about regression and
public choice models since Tuesday.
we learned how to use excel to perform linear regression. Hypothesis testing makes inferences about the validity of economic theories (or other theories) from a sample of the population for which the theories are believed to be true. The four basic steps of hypothesis testing (using the t test as an example) are: Establish null and alternative hypotheses. Choose a significance level and, therefore, a critical t value. Run the regression and get the estimated t value. Apply the decision rule by comparing the calculated t value with the critical t value to reject or not reject the null hypothesis. we learned how to read linear regression results from excel. from there, apply to real data. learn how the A affects B. See how the variables of the economic instrument affect the dependent variable independently. after reading the data table, we see again that the dependent variable has a positive or negative effect on the dependent variable. The independent variable is statistically valid and to what extent it is statistically valid. from there we know how economic tool impact to public choice The public choice model helps Assess the relative merits of alternative institutions that require a clear understanding of their impact on human behavior. Such analyzes are necessarily abstract - hypothetical - because it is too expensive to test with all types of organizations - at least at one time and place. However, history provides some circumstantial evidence about the relative performance of the political institutional alternative.