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University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 1 Day Ago |
| Questions Answered: | 9562 |
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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
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?
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-----------