Statistical Analysis of Economic Data
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Building Economic Forecasting Models
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import pandas as pd
from sklearn.model_selection import train_test_split
from sklearn.linear_model import LinearRegression
from sklearn.metrics import mean_squared_error, r2_score
# Load the dataset
dataset = pd.read_csv('path_to_your_uploaded_dataset.csv')
# Define the independent variables (X) and the dependent variable (y)
X = dataset[['independent_var1', 'independent_var2', 'independent_var3']]
y = dataset['dependent_var']
# Split the dataset into training and testing sets
X_train, X_test, y_train, y_test = train_test_split(X, y, test_size=0.2, random_state=42)
# Create a linear regression model
model = LinearRegression()
# Fit the model to the training data
model.fit(X_train, y_train)
# Make predictions on the test set
y_pred = model.predict(X_test)
# Evaluate the model
mse = mean_squared_error(y_test, y_pred)
r2 = r2_score(y_test, y_pred)
print(f'Mean Squared Error: {mse}')
print(f'R^2 Score: {r2}')
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Drafting Economic Reports
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Conducting Market Analysis
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Evaluating Economic Policies
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