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This assignment is based on the Economists in the Wild episode on the economics of wine.

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In this episode, Orley Ashenfelter introduces us to his research on using the weather to predict the quality of mature wines.

This assignment focuses on using regression analysis to analyze wine prices; check out our related assignment that focuses on how wine is mispriced in its early years.

By watching the video and answering the questions below, your students can beef up on reading a regression table while learning about the determinants of quality wine!