anubhab1710/Big-Mac-Index-Analysis
A simple ML and Statistical Case Study analysis to correlate the Big Mac Index with the net hourly wages of workers in 27 countries.
This project helps economists and researchers understand the relationship between a country's Big Mac Index and the net hourly wages of its workers. By inputting the Big Mac price and worker wages from various countries, it generates a statistical analysis and correlation model. The output helps economic analysts determine if there's a strong link between these two factors and potentially predict wages based on Big Mac prices.
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Use this if you are an economic analyst or researcher investigating the correlation between the Big Mac Index and net hourly wages across different countries.
Not ideal if you are looking for a precise gauge of Purchasing Power Parity (PPP) or current currency misalignment, as this analysis focuses purely on the correlation between Big Mac prices and wages.
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Language
Jupyter Notebook
License
GPL-3.0
Category
Last pushed
Nov 25, 2021
Commits (30d)
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