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Interpret the differences in the betas for each model. Discuss the effect on the r-squared. . regress wagel educ Source SS df MS Number of

Interpret the differences in the betas for each model.
Discuss the effect on the r-squared.
. regress wagel educ Source SS df MS Number of obs = 526 F (1, 524) 103.36 Model 1179 . 73204 1 1179.73204 Prob > F 0. 0000 Residual 5980 . 68228 524 11. 4135158 R-squared 0. 1648 Adj R-squared 0. 1632 Total 7160.41433 525 13. 6388844 Root MSE 3.3784 wage1 Coef. Std. Err. t P>It| [95% Conf. Interval] educ . 5413593 . 053248 10.17 0.000 . 4367534 . 6459651 _cons 1. 095148 . 6849678 1. 60 0. 110 -. 250472 2. 440769. regress wage2 educ Source SS df MS Number of obs 526 F (1, 524) 99. 21 Model 1223.57077 1 1223.57077 Prob > F 0.0000 Residual 6462 . 29408 524 12.3326223 R-squared 0 . 1592 Adj R-squared 0. 1576 Total 7685 . 86486 525 14.6397426 Root MSE 3. 5118 wage2 Coef. Std. Err. t [95% Conf. Interval] educ . 5513259 . 0553505 9.96 0.000 . 4425898 . 6600621 -Cons -. 9954929 . 7120134 -1. 40 0. 163 -2. 394244 . 4032585. regress wage3 educ Source SS df MS Number of obs = 526 F (1, 524) = 0. 09 Model 243.579505 1 243.579505 Prob > F = 0. 7634 Residual 1407450. 94 524 2685.97507 R-squared 0. 0002 Adj R-squared -0. 0017 Total 1407694.52 525 2681.32289 Root MSE 51 . 826 wage3 Coef. Std. Err. t P>It| [95% Conf. Interval] educ . 2459882 . 8168548 0.30 0. 763 -1. 358724 1. 850701 _cons 4. 426384 10.50779 0. 42 0 . 674 -16. 21619 25 . 06896. regress wage educ Source SS df MS Number of obs = 526 F (1, 524) = 103.36 Model 1179. 73204 1 1179.73204 Prob > F 0. 0000 Residual 5980 . 68225 524 11. 4135158 R-squared 0 . 1648 Adj R-squared = 0. 1632 Total 7160. 41429 525 13.6388844 Root MSE = 3. 3784 wage Coef. Std. Err. t P>It| [95% Conf. Interval] educ . 5413593 . 053248 10.17 0. 000 . 4367534 . 6459651 _cons -. 9048516 . 6849678 -1.32 0. 187 -2. 250472 . 4407687. summarize error2 error3 wage wagel wage2 wage3 educ3 Variable Obs Mean Std. Dev. Min Max error2 526 . 0345676 1. 030142 -2. 69948 3. 366794 error3 526 1. 620567 51. 46417 -169. 4439 141 . 168 wage 526 5. 896103 3. 693086 . 53 24.98 wage1 526 7.896103 3. 693086 2.53 26.98 wage2 526 5. 93067 3. 826192 . 0253522 24.59941 wage3 526 7.516669 51. 78149 -166.5239 153 . 558 educ3 526 14. 1833 51. 49465 -160.4439 155 . 168

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