Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

OLS Regression Results Dep. Variable: lsalary R-squared: 0.467 Model: OLS Adj. R-squared: 0.464 Method: Least Squares F-statistic: 153.1 Date: Thu, 15 Feb 2024 Prob (F-statistic):

OLS Regression Results Dep. Variable: lsalary R-squared: 0.467 Model: OLS Adj. R-squared: 0.464 Method: Least Squares F-statistic: 153.1 Date: Thu, 15 Feb 2024 Prob (F-statistic): 1.71e-48 Time: 20:18:33 Log-Likelihood: -448.62 No. Observations: 353 AIC: 903.2 Df Residuals: 350 BIC: 914.8 Df Model: 2 Covariance Type: nonrobust coef std err t P>|t| [0.025 0.975] Intercept 11.3945 0.138 82.534 0.000 11.123 11.666 years 0.5194 0.039 13.310 0.000 0.443 0.596 I(years ** 2) -0.0216 0.002 -9.213 0.000 -0.026 -0.017 Omnibus: 4.187 Durbin-Watson: 1.220 Prob(Omnibus): 0.123 Jarque-Bera (JB): 2.903 Skew: 0.011 Prob(JB): 0.234 Kurtosis: 2.556 Cond. No. 263 ##Question 2. IS the relationship between years played and salary linear? Why/why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra with Applications

Authors: Steven J. Leon

7th edition

131857851, 978-0131857858

More Books

Students also viewed these Mathematics questions

Question

Do I want people to be more like me?

Answered: 1 week ago