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Explain how different schools of thought would conclude the data. I.e. how would Neoclassical and Classical schools view this data. Is one wrong and is the other right? Why?

Description

You must produce a Report on the above topic in a format like this:

In addition, you will also need to upload the excel file with the data used in the report.

Tips for the Report:

– Explain how different schools of thought would conclude the data. I.e. how would Neoclassical and Classical schools view this data. Is one wrong and is the other right? Why?

– Is the data an example of a Simpsons Paradox?

– Is the data an example of how correlation is used to provide a sort of backing to a point and not denote the causation?

– Present data well

– Don’t say more that needs to be said. Say “this could be part of this reason or something else” not say, “This proves my point”.