Economics Homework Help

The project contains 5 parts.

You will follow each step to complete the project. Unit of each variables :
STR : one student
TS : one point

English : one percent Exp : one dollar

Project specification:
1) GET the 5 Regression models using Rstudio.

1. The ols regression of TS using STR as the independent variable.
2. The ols regression of TS, independent variables: STR, Exp, English. 3. The ols regression of TS, independent variables: Exp, English.
4. The ols regression of TS, independent variables: Exp2 , Exp, English. 5. The ols regression of TS, independent variables: log(Exp), English.

2) Create a latex table of all 5 models.
3) Write down all 5 model equations. (e.g. STR= b+c*TS..)
4) Choose the best model. Provide your reason of the choice.(t-test, F-test, R2 etc..) 5) Interpret your best model from 4) carefully.

Summary statistics of each model. (type, handwritten, captures are acceptable)

I HAVE ATTACHED HOW IT IS EXACTLY SUPPOSE TO LOOK LIKE IN THE IMAGE. PLEASE TAKE A LOOK AT THE VIDEO FIRST AND THEN LOOK AT HOW TO GET THE ANSWERS IN THE IMAGE BY LOOKING FROM THE VIDEO.