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Published byMichael Hudson Modified over 8 years ago
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Big Data: Final Project Aidan Donohue & Justina Breen December 4, 2015
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Our Initial Questions How did the U.S. perform during the financial crisis in 2008 compared to countries with similar economies? Which strategies did the U.S. utilize during the recession? Which strategies were successful? Which were not? Which strategies should be implemented next time a world- wide financial crisis occurs?
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Our Data Sets Worldbank.org (Aidan)
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GDP Growth Visualization
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Unemployment Rate Visualization
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Unemployment Rate (without Spain)
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Regression Results - GDP
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Regression Results – Unemployment
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Conclusions According to our model, had the U.S. doubled its growth in federal spending, the model predicts that the U.S. economy would have grown by 1.92 percent in 2009 instead of shrinking by 2.78 percent Lowering interest rates and increasing government spending are strongly correlated to increasing GDP growth Not confident about conclusions for the effects of changes in taxes due to poor data While some meaningful conclusions can be drawn from the model, it is vastly oversimplified and needs better and more data to produce substantial results
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