Question

Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year, while the average earnings of Group 2 went from $40,000 per year to $50,000 per year. 23. Suppose that one were to use time series analysis to identify the effect of the job training. What effect would you find

Answer 1

Job training had a positive effect on the Group 1 and it would be beneficial for the second group to have had it too.

Step-by-step explanation:

In series analysis one compares two set of data in terms of their initial points and their final results and within if there are fluctuations in the matter during the series. In ere, the data given is of two points that is the initial data and the final data.

The two data points clearly show that the two groups were equivalent in 2003 but the first group which received job raining ended up progressing more than the second group so it is beneficial to get the job training that was offered.