First, using the WVS dataset, run a regular regression model using PCUSE as the dependent variable and FAMSAV as the independent variable. Then imagine you didn’t have the PCUSE variable and instead...

First, using the WVS dataset, run a regular regression model using PCUSE as the dependent variable and FAMSAV as the independent variable. Then imagine you didn’t have the PCUSE variable and instead had only the PCUSE2CAT dichotomous variable. Run a logistic regression model using PCUSE2CATas the dependent variable and FAMSAV as the independent variable. Interpret both models by making predictions for a country that doesn’t save and a country in which 60% of the country’s population saves.