Cal State Long Beach Relationship Between Spending Habit and Income Research Essay

writing a research paper about the relationship between income and spending habitPaper Structure I. Title page: should include the title of the paper, your name and the abstract II. Abstract: This should be less than 50 words and summarize the topic, methodology, and main findings. It should appear on your title page. III. Introduction: This section should state the nature and objectives of the project. Make sure to provide some background or motivation for why your project is interesting. IV. Literature Review: Literature review is a comprehensive summary of previous research on your chosen topic. The literature review surveys scholarly articles, books, and other sources relevant to your particular area of research. It creates a “landscape” for the reader, giving them a full understanding of the developments in the field. V. Description of the model. The model should be clearly stated and any equations carefully explained. You should write out the econometric model you plan to estimate, and discuss the expected impact of the exogenous variables in your model. VI. Data description and model estimation. You should use the techniques developed in class to analyze your data and estimate your model. Make sure to describe the dataset you are using by providing summary statistics of important variables. Your results should be reported and discussed in this section and could include: parameter estimates, standard errors, t-statistics, F-statistics, R-squared, tests for heteroskedasticity, and possible multicollinearity, as appropriate. VII. Conclusion. Review the major findings as well as possible extensions for future work. Make sure to mention any limitations of your approach as well as alternative explanations of your results. Policy implications, if any, could also be included in this section. VIII. Tables and graphs. Your paper must include at least one table and one graph. The tables and graphs should be well-labeled and accessible to the reader?do not merely print out your regression output with cryptic variable names directly from R.