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Read the article “The Effects of Remittances on Savings” provided and do the fol

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Read the article “The Effects of Remittances on Savings” provided and do the following: 1) Write a short summary of the article, in which you highlight the following: what is the main hypothesis of the author? What issues, with respect to the data and statistical methodology, does the author encounters? What is his conclusion? (2 points) 2) Then, use the excel file named saving and do the following: provide a summary statistic table for the variables Remittances and USSaving. Provide a scatterplot of Remittances against Savings. Based on the scatterplot, can you find any type of relation between the two variables? (Explain). What kind of problem do you observe in the relation between the two variables, based on thescatterplot? (Explain). Calculate the correlation between remittances and savings for the whole sample. Then, calculate the correlation between the two variables, but this time use only the positive values of savings. Based on the correlations that you calculated, what can you tell about the relation between the two variables? Overall, are your results in line with the results provided in the article (Explain).

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