Approach to be based on empirical data. The approach should be detailed enough to be replicable by a third party with little supervision.

REQUIREMENTS:

Approach to be based on empirical data.
The approach should be detailed enough to be replicable by a third party with little supervision.
Data inputs should be available from publicly available sources.
Computer code should be produced in an open source programming language.
Final deliverable should include: description of the methodology with detailed steps, data files and program code scripts.
Final Correlation estimates should possess an acceptable level of statistical significance.