Data Analysis

I work in a life assurance firm and need data analysed for me to validate what has been done in-house. THE TASK: Due to the fact that the sample size is small, you may consider simulations. Describe the procedure you chose in determining the objectives. Take a detailed look at the analytic method you selected and demonstrate the application to the existing data set. Describe why you choose which input variables from this dataset. Finally, consider the pros and cons of your procedure. The main focus of the discussion should be on the analysis method you selected and the justification of your approach. Conclude and explain the results for each objective Please note: 1. Preferred statistical software in order of preference are R, Python, SmartPLS and WarpPLS 2. Preferred document processor for reporting is LATEX 3. For reproducibility all source codes must be Knitr(ed) into the report 4. Please make detailed comments in your code to explain them.