Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the following OLS regression results, explain the fitted regression model. Succinctly state how the average salary is estimated to change with firm size, and
In the following OLS regression results, explain the fitted regression model. Succinctly state how the average salary is estimated to change with firm size, and what the other reported information tells you. Variable Model(1) LogioEmpl Coefficient 95% confidence interval -0.043* * * -0.048 (0.002) -0.038 Constant 1.403* * * 1.392 1.413 (0.005) Dependent variable: LogioAvgSal (AvgSal: average salary) Independent variable: LogioEmplempl: Employee, which is a measure of firm size) Robust standard error in parentheses p>0.001
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started