ECON 2330/3330 – Winter 2024

Collaborative Learning Assignments and Project Learning outcomes

On successful completion, you will be able to
• Enhance awareness of data and analytics in business and economic applications.
• Successfully work in teams to achieve group and organizational objectives.
• Familiarize with current business and economic issues with an exploration of open-
source data.
• Demonstrate knowledge of statistical data analysis techniques and apply various
techniques to resolve business and economic information needs.
• Critically examining problem areas, developing feasible analytics decision options,
developing key recommendations, and communicating.
• Good understanding of the course applications and R-Commander software

Instructions:
Collaborative Learning Assignments: Grade weightage 15 %
Part 1.1: Grade weightage 5%

Dataset Selection: Choose a dataset relevant to your field of study from the online resources.
For instance, you could select a dataset related to finance, marketing, economics, supply chain,
social issues, or any other field you are focusing on. (Each of the group members must select
their own dataset)
Explore: https://www.databasestar.com/free-data-sets/
https://www.kaggle.com/datasets
https://data.fivethirtyeight.com/
https://www.reddit.com/r/datasets/
https://data.world/datasets/open-data
Dataset Criteria: Ensure that the selected dataset meets the following criteria:
• Contains a minimum of five or more variables. (columns)
• Consists of at least 30 rows.
• Includes at least two continuous(numeric) variables.
• Contains at least two nominal or categorical variables or ordinal variables.
Data Download and Format: Download the chosen dataset and save it in EXCEL/CSV format
(.xlsx/csv).
Data Transformation: For each nominal or categorical variable, add an additional column in the
EXCEL datasheet and keep both in coded form and original in the dataset.

Example:
Gender Gender_coded Edu_code Education
Male 1 3 Graduate degree
Female 2 2 Undergraduate degree
Female 2 1 High School diploma
Male 1 3 Graduate degree

Dummy Coding: Create dummy coding for Nominal or Categorical variables with more than
two values (k-1 dummy categories)

Example:
Education Edu_code Dummy_GD Dummy_UG
Graduate degree 3 1 0
Undergraduate degree 2 0 1
High School diploma 1 0 0
Graduate degree 3 1 0
High School diploma 1 0 0
High School diploma 1 0 0
Graduate degree 3 1 0

Submission
a. Write a brief write-up about your data and sources if any (Maximum 2-pages)
b. Explore data through suitable graphical representations.
c. Explore numerical data summaries -Like Mean, Standard Deviation, and Correlations,
whatever is necessary.
Submit all the Analysis (for all five datasets of group members together in a single PDF file),
with a brief write-up about the data, analysis objective, and results. (Maximum 5-8 pages each)
Part 1.2: Grade weightage 5%

• Explore the following through R-Commander in the selected datasets.

a. Perform appropriate one-sample, two-sample mean, proportions, variance and ANOVA tests
for your data and write your conclusions.
Submit all the Analysis (all five datasets in a single file), with a brief write-up about the data,
analysis objective, and results. (Maximum 5 pages each)

Part 1.3: Grade weightage 5%

• Develop simple linear or multiple linear Regression models and draw the conclusions.
• Submit all the Analysis (all five datasets in a single file), with a brief write-up about the
data, analysis objectives, and results. (Maximum 5 pages each single person)
Submission Format: All assignments should be submitted as a single file. Each group member's
name and TID, should be clearly indicated under their respective contributions.
Grading Criteria: Common grades will be assigned to the entire group, calculated as the average
of the best three grades achieved by the group members for the assignment.
Individual Accountability: It is important to note that lower grades may be allocated to
individuals who contribute poor quality work to the assignment.
Late Submission Policy: Late submissions will incur a penalty of 20% deduction from the final
assigned grades.
Individual submissions: Without group will incur a penalty of 20% deduction from the final
assigned grades.
Individual Project Report and Presentation
Project Report: 1.4--Grade weightage 10 %
Instructions:
• Arrange all the Collaborative Learning assignments together (Part1.1-1.3)
• Select only your dataset among the five for the final report.
• Prepare the final document with flows well between parts. (Refer Body of the Report
below)
• Link the main write-up with the appendices by citing the appendices within the
document.
• Provide references.
• Submit report as a PDF must be submitted to MoodleFinal Project Report
T0000XX_Firstname_Lastname.pdf
• Printed report copy is NOT required.

Body of the report:

1. Introduction about the selected data and business issues you addressed already. (1 Page)
2. Data Description -Explain the variables available in the dataset, coding and creating dummy
variables. (1-2 pages) [refer to help on the data set in Read Data from Package R-Commander]
3. Analysis Plan-Write an introduction about the Analysis you have already done in the
assignment stating the purpose of each in the dataset. (2 pages)
a. Data presentation plans using graphs and Pivot tables.
b. Numerical summary of the dataset using mean, standard deviation, etc.
c. Plan for one sample, two samples, variance tests process, and results.
d. Plan for ANOVA process.
e. Plan on Regression Analysis
4. Results all together of (10-20 pages as required)
a. Data presentation using graphs and Pivot tables.
b. Numerical summary of the dataset using mean, standard deviation, etc.
c. Reports on one sample, two samples, variance tests process, and results.
d. Reports on ANOVA process and results.
e. Reports on Regression Analysis and results.
5. Write an overall summary, conclusion, and reflections about your team's learning
(1-2 pages maximum)
Format of the report
Part Final report Pages
Project title page 1
Acknowledgments 1
Table of contents 1
1. Introduction 1-2
2. Data Description 2
3. Analysis Plan 2-3
4. Results 5-15
5. Overall Summary, Conclusion, and Reflections 1-2
References 1
Appendices (Screenshot of the results linked with the main write-up) -

Details of each appendix are as follows.

Note: Each appendix must start at the beginning of a new page.
Appendices to the final report
A1 Screenshot of the data, if required
A2 Screenshot of the results
A3 Some graphs regression analysis etc.
A4

Project Presentation: 1.5--Grade weightage 5 %

Description: Make a PowerPoint presentation with audio. (5-8 minutes maximum) in the
following formats
Part Presentation
Project title page 1 slide
1 Introduction 1 slide
2 Data Description 1-2 slides
3 Analysis Plan 1-2 slides
4 Results 2-3 slides
5 Overall Summary, Conclusion, and Reflections 2 slides
References 1 slide

Late Submission Policy: Late submissions will incur a penalty of 20% deduction from the final
assigned grades.
 Collaborative Assignment Assessment RUBRIC
Name of student: ID. No:
Date of submission.
Categories Stellar Competent Developing
5 4 3
Understanding of concept Understanding of concept Understanding of concepts
Full grasp of the concept  Basic understanding of  Poor grasp of the
the concept, some gaps in concept, some
the content misinformation
Design decision rationale  Design decision rationale Design decision rationale
Excellent analytical thinking  Basic understanding of  Poor analytical thinking,
the analytical thinking, some misinformation
Content and some gaps in the
Concept Application
Accuracy
Data, Facts and examples Data, Facts and examples Data, Facts and examples
Creativity
and Detailed, accurate, and  Mostly detailed,  Many errors in detail,
Innovation appropriate use of Testing accurate, and accuracy, and
of Hypothesis Concepts appropriate, but there appropriateness
(Max 25 were lapses, omissions, or
marks) inaccuracies
Utilization of R- Utilization of R- Utilization of R-
Commander software tool Commander software Commander tool
Excellent grasp of the tool  Poor grasp of the
software  Basic understanding of software, some
the software, some gaps misinformation
in the content
 Logical ,Clear and  Basic understanding  Content is not logical
concise interpretability of with some explanations and is not clearly
topics and elaborations summarized

Total marks
(25)
(5% each one
for the total
grade)

Any comments: _______________________________________________________________________

Name and Signature of the Evaluator with date _________________________

Project Report Assessment RUBRIC

Name of student: ID. No:

Date of submission.

Categories Stellar Competent Developing

5 4 3
Understanding of concept Understanding of concept Understanding of concepts
Full grasp of the concept  Basic understanding of  Poor grasp of the
the concept, some gaps in concept, some
the content misinformation
Design decision rationale  Design decision rationale Design decision rationale
Excellent analytical thinking  Basic understanding of  Poor analytical thinking,
the analytical thinking, some misinformation
Content and
Concept some gaps in the
Accuracy Application
Creativity Data, Facts and examples Data, Facts and examples Data, Facts and examples
and Detailed, accurate, and  Mostly detailed,  Many errors in detail,
Innovation appropriate use of Testing accurate, and accuracy, and
of Hypothesis Concepts appropriate, but there appropriateness
(Max 25
marks) were lapses, omissions, or
inaccuracies
 Logical ,Clear and  Basic understanding  Content is not logical
concise interpretability of with some explanations and is not clearly
topics and elaborations summarized

 No misspelled words  No more than five  Many misspelled words

and no grammatical errors. misspelled words or or grammatical errors. The
Language appropriate for grammatical errors. Some language used is not
audience literacy errors in the language appropriate for audience
used for audience literacy literacy
Total marks
(25)
(10% of the
total grade)
 Project Presentation Assessment RUBRIC
Name of student: ID. No:
Date of submission.
Categories Stellar Competent Developing
5 4 3
Understanding of Understanding of concept Understanding of concepts
concept  Basic understanding of  Poor grasp of the
Full grasp of the the concept, some gaps in concept, some
concept the content misinformation

Utilization of Utilization of visualization Utilization of visualization

visualization  Basic understanding of  Poor grasp, some
Excellent the, some gaps in the misinformation
content
Effectiveness  Within the allotted  Minor violation of the Gross violation of the
and Value of parameters (slides) parameters (e.g., ran over parameters
the
allotted space, insufficient
Presentation
material)
 Exemplary use of  Competent use of design  Poor design
design contributed to an contributed to a solid contributed to an
excellent slide deck presentation ineffective presentation
 No misspelled words  No more than five  Many misspelled words
and no grammatical misspelled words or or grammatical errors. The
errors. Language grammatical errors. Some language used is not
appropriate for audience errors in the language used appropriate for audience
literacy. for audience literacy. literacy.
Total marks
(25)
(5% of the
total grade)