DATA REPORT TEMPLATEAs mentioned in class, a data report sho

DATA REPORT TEMPLATEAs mentioned in class, a data report should provide readers with enough information to replicateyour empirical results. Hence, it is important that the researcher provides a detailed descriptionof the data. The data report should also provide some insights into the reliability of the data.For this assignment your data report which should be 2-3 pages typed double-spaced, should beorganized as follows:1. Data description Type of data collected (cross-section, time series, panel) Data sources (primary, secondary), including any links to the data sources. If primary data how the data were collected (types of sampling, etc.) Units of measurement of each variable including any data transformations (levels,logs, growth rates, inflation rate from CPI, etc.) Number of observations Any comments on the reliability of the data (e.g. measurement errors, outliers,etc.)2. Descriptive statistics for each variable Provide usual descriptive statistics (mean, median, variance, etc.) for eachvariable. These descriptive statistics provide some insights into the possibility ofoutliers, etc. It is good research practice to scrutinize the outliers to rule out thepossibility of measurement error as its cause.3. References Provide any references associated with the data description, with appropriateindication of each source in the main body of the description.4. Data appendix Provide a listing of the data and related information as set out in Appendix 9B ofthe textbook