What should my empirical project in econometrics be on?
I'm taking an econometrics course where we have to do an empirical project on the effect of x on y. My professor said that it can be strict economics such as "What is the effect of the inflation rate on people's earnings?" or it can be kind of fun, such as "What is the effect of cold weather on the birth rate nine months later?". Does anyone have any suggestions?
Public Comments
- The effect of cold weather on the demand of coffee.
- All these are fine, but the tricky part will be to design a model to explain the relationship between your variables, because you're trying to be scientific and correllation isn't enough. the "cold/birth rate" for example, would be (cold) leads to (cocooning+will to share heat) leads to (more sex) leads to (more births) that's the tricky (but fun) part
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