Of the following steps in conducting empirical economic research,which one should be performed last?
A)find appropriate data that can be used for estimation
B)build an economic model guided by economic theory
C)evaluate and analyze the consequences and implications of the results
D)estimate parameters and test hypotheses

Question

Quizplus · Accepted Answer

Evaluating and analyzing the consequences and implications of the results should be performed last in the empirical economic research process. This step involves interpreting the results and drawing conclusions based on the estimated parameters and tested hypotheses.

Of the Following Steps in Conducting Empirical Economic Research,which One