Q. (a) Assume you are part of a research team evaluating a proposal to clean up a hazardous waste site. You are in charge of assessing the incremental benefits. Illustrate what method would you choose to derive the estimation? Enlighten briefly.
(b) Based on your selection, outline your research plan for this specific estimation problem. Be sure to identify the following in your outline: a general description of your model, the relevant marketplace for your model, the primary variables of interests, the data requirements, also any potential bias in your results.