Qatar Assignment Example | Topics and Well Written Essays - 750 words - 1

Qatar - Assignment Example This ranking has been consistent, especially after the 2007-8 global financial crises, and is expected to continue for the next years due to the rising prices of oil and natural gas. This paper purpose to statistically determine whether the values of Qatar’s exports in oil and gas sector depend on Qatar’s economy, the size of the Importing country, or/and by the distance between Qatar and the importing country. The statistical analysis of the link between the value of Qatar’s export and Qatar’s economy, size of the importing country, and the distance between Qatar and the importing country will take the following regression model. When the available data of the value of exports (US $), Qatar’s GDP (Million US $), GDP of the importing country, the Distance (from Doha to the importing country capital), and the natural logs of all these variables were run in SPSS, the following were the results. According to the table above, the coefficient of determination, R square and the Adjusted R square are 0.448 and 0.444 respectively. This figure means that the independent variables have explained 44.4% of the variation in the dependent variable (lnExport). Approximately 44.4% of Qatar’s exports are attributed to Qatar’s economy, the size of the Importing country, and the distance between Qatar and the importing country. The standard error shows the standard deviation of the various sample statistics from the population i.e. the measure of variability of the prediction in the regression model. The standard error of the estimates, as shown in the table above is 2.5046, meaning only 2.5046 of the sample deviates from the population, thereby making the data credible. According to the ANOVA table above, the test for the model validity shows the F-value is 104.682. Assuming the null hypothesis argued in support of the dependence of Qatar’s export