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Category > Economics Posted 18 Aug 2017 My Price 10.00

Statistics for economonics

How much does education affect wage rates? The data file cps_small.xls contains 1000 observations on hourly wage rates, education, and other variables from the 1997 Current Population Survey (CPS). a. Estimate the linear regression WAGE = ß1 + ß2EDUC + e and discuss the results. b. Calculate the least square residuals and plot them against EDUC. Are any patterns evident? If assumptions SR1 – SR5 hold, should any patterns be evident in the least squares residuals?

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Status NEW Posted 18 Aug 2017 10:08 AM My Price 10.00

how----------- mu-----------ch -----------doe-----------s e-----------duc-----------ati-----------on -----------aff-----------ect----------- wa-----------ge -----------rat-----------es?----------- Th-----------e d-----------ata----------- fi-----------le -----------cps-----------_sm-----------all-----------.xl-----------s c-----------ont-----------ain-----------s 1-----------000----------- ob-----------ser-----------vat-----------ion-----------s o-----------n h-----------our-----------ly -----------wag-----------e r-----------ate-----------s, -----------edu-----------cat-----------ion-----------, a-----------nd -----------oth-----------er -----------var-----------iab-----------les-----------

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1503052225-7157_1_636384481240640742_cps-small.pdf
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