Need directions followed as this was the remark from my last assignment form my professor: Will you pick one particular challenge that is impacted by poverty? Looking forward to reviewing your literature summary at the end of this week to see its connection to this topic

I’ve attached the template that this must be done in and also the assignment that I will be working on Poverty.

For this unit, you will submit the Information Literacy Assignment which will include 3- 5 scholarly sources. This assignment should be focused on the sources you plan to use in your final Policy Paper. After selecting credible, reliable, scholarly resources, you will need to address each column in the template to provide a summary of your sources as follows:
Resource in APA Format: Cite each source using proper APA format.
Summary of the Resource: Each source must be described in about 150 words that address the main ideas, credibility, and reliability of the source.
How This Article Relates to Paper Topic: In a short description, share how this resource connects to the topic you will be exploring for your Policy Paper in order to justify your selection of this article.
You must use the provided Microsoft Word template for this assignment!!!!!

1.(5 points) Conduct the principal component analysis on the predictors. Draw the proportion of variance explained.

2.(5 points) Implement the following prediction methods.
•OLS or Logistic Regression
•K-nearest neighbors
•LASSO (You need to discuss how you choose the tuning parameter.)
•Regression (or Classification) Tree
•Random Forests.

3.(5 points) Compare the above prediction methods in terms of (estimated) out-of-sample performances. Explain what you have done as if the grader does not know R (or any other programming language).

4.(5 points) Which prediction method works the best? Provide some conjecture on why.

5.(5 points) Which prediction method works the worst? Provide some conjecture on why.

6.(5 points) If you can use only one variable as a predictor, which variable do you want to use? Choose it in terms of (estimated) out-of-sample performances.

7.(5 points) Using your preferred method, you predict the outcome given a value of the predictors. (You can choose any value.) You also discuss whether the predicted value seems reasonable or not.

8.(5 points) Your final paper uses at least one scatter plot of raw data. The plot should be self-contained so that the grader does not need to read the main text to understand the information in the figure.

9.(5 points) Your final paper uses at least one box (or violin) plot. The plot should be self-contained.

10.(5 points) Your final paper has at least one figure, in which you discuss whether the result of LASSO is sensitive with respect to the tuning parameter or not. It should be self-contained.

11.(5 points) Your final paper has at least one figure, in which you discuss some results of your Regression (or Classification) Tree. It should be self-contained.

12.(5 points) Your final paper uses at least one table summarizing the OLS or Logistic Regression. It should be self-contained.

Sample Solution

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