Raw Novice - need some advice
Posted: Mon Nov 25, 2019 3:20 pm
Hi all,
Please see attached image. For university I have had to create a basic model, I have opted for a multiple regression model to view the effects of oil price on Saudi GDP. I have run tests for multi-collinearity and heteroskedasticity and there does not appear to be either present. I am abit concerned that my model is appearing to indicate that a rise in price will have a negative effect on GDP, this would appear to be counter intuitive to the real world.
Can anyone give me any tips on this, it would be greatly appreciated!
Connor
Please see attached image. For university I have had to create a basic model, I have opted for a multiple regression model to view the effects of oil price on Saudi GDP. I have run tests for multi-collinearity and heteroskedasticity and there does not appear to be either present. I am abit concerned that my model is appearing to indicate that a rise in price will have a negative effect on GDP, this would appear to be counter intuitive to the real world.
Can anyone give me any tips on this, it would be greatly appreciated!
Connor