Questions on the purposes of the data exercises

Questions on the purposes of the data exercises

The purposes of the data exercises are to:

Enhance your skills at finding current economic data on the web;
Improving your skills at data presentation and explanation;
Provide you the opportunity to learn how to analyze economic data and, very importantly, to explain what it means – in short, turning data into useful information; and,
How to present that to a reader in a clear and understandable form.

For Data Exercises 1 and 2:

You will select two related economic variables that you have studied during the relevant weeks;
Find appropriate data on both variables;
Present that data in a clear graphic or tabular form (or both if appropriate);
Explain what the data shows – discuss/explain the data;
Explain what the data means – give meaning to what the data shows; and.
And explain why it matters – what is the economic importance or usefulness of what you found in your data analysis and discussion.

Points 4 and 5 initially seem to be about the same thing and they are close in meaning. Point 4 is the process of walking the reader through the data presented in the table or graphic. Point 5 is explaining to the reader what that data means. In other words, tell the reader what the data is and explain what it means. Remember this is a process of giving meaning to data. Standing alone, data is just numbers. Your task is to give those numbers a context and a m

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Published June 17, 2021By Categorized as Assignment Questions

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