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FINANICAL MODELING We wish to examine the relationship between monthly earnings and several factors that may influence it: 1Q. knowledge, years of education, years experience,
FINANICAL MODELING
We wish to examine the relationship between monthly earnings and several factors that may influence it: 1Q. knowledge, years of education, years experience, years at current job, mother's education: and Number of Siblings. Using the provided data set, estimate this mulfiple regression equation and write it down: (hint: make sure to include the standard errors and use the correct variable names) 1Q Knowledge YearsEdu YearsExperience Tenure MomEdu Numsiblings How would you interpret the intercept coefficient (BO) ? (you are allowed to answer in Arabic) How would you interpret the coefficient of YearsEdu? (you are allowed to answer in Arabic) What is the expected MonthlyEarnings of an employee with following information: (write it in numbers to the closes one decimal place) What is the exact critical value (closest two decimal places) for performing the test of significance (tcritical) for any of the coefficients? (Hint: use the excel formula and moke sure it is included in the excel fle that you submit) Answer: What is the test statistic (1-stat) for testing if the intercept (80) is different from zero? Write it to the closest two decimal places Step by Step Solution
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