1. State your research question (e.g. Do rich families
proportionately pay more taxes than poor families?) 2. Hypothesis (Rich families proportionately pay more taxes because income and property taxes are designed to be progressive) 3. Analytical model (Taxes = a + b1*income + b2*region + ). Then explain why the variables are there and what is their expected influence on the endogenous variable. 4. Data (show summary statistics; check for outliers; zero response; etc.) 5. Estimation issues (check for multicollinearity, heteroskedasticity, etc.) 6. Estimation results (show various models tested and indicate your best model) also discuss your results 7. Conclusion (answer your research quetion