Components of the project
This project includes three components:
Your assignment here is to complete successfully the three-hour cognitive course Big Data 101. To complete the course, open the link below and follow the instructions https://cognitiveclass.ai/courses/what-is-big-data
The completion of this course must be proved by the Certificate of Completion. Upon completing the course, download or screen shot your certificate and submit it through the assignment drop box on blackboard separately than your project write-up.
With the attached excel file, use the data components of GDP to evaluate the equation of GDP, that is:
Next, show a graphical representation of these variables and check that
Finally, identify and describe business cycle phases from GDP graph obtained previously.
Draft a two-page report on the GDP behavior over the period 1999-01 to 2022 and describe business cycle over the same period. First, you should describe the steps taken to construct the graphs. In your analysis, describe the business cycle present in the GDP data, that is, describe recession period (decrease in GDP of more than 6 month), expansion (increase in GDP), peak (the highest GDP during the expansion), and trough (lowest GDP during the recession).
Use the GDP equation and data on GDP components to evaluate the equation. Create different visualizations using each of the variables over the last decade (1999-2022) to show the relationship between GDP and each of its components. Which components seems to determine the behavior of the GDP? How can you identify unemployment or inflation from the GDP graph?
Next, determine the GDP share of consumption, GDP share of investment, GDP share of government spending, and GDP share of net exports. What GDP component has the largest share? What have you learned about measuring GDP from this assignment? Be sure to cite, using APA, any findings to back your argument and provide a bibliography.