Describe your data , ideally including a well-labelled Figure.Describe your estimated model, justify the functional form you choose and what assumptions you make in your model, and whether these assumptions are reasonable in your context.

The essay should be an academic piece of writing . The essay should follow a clear and coherent structure, for example you could structure your paper as:
1) Introduction
Stating your hypothesis, explain why this topic is important and relevant, what related literature already exists , and how your work contributes to the existing literature on this topic.
2) Describe your data , ideally including a well-labelled Figure.
Describe your estimated model, justify the functional form you choose and what assumptions you make in your model, and whether these assumptions are reasonable in your context.