Question
Using the data below estimate the determinants of CEO salary using tenure, age, profits, and assets. Briefly explain the results. Are there any explanatory variables
Using the data below estimate the determinants of CEO salary using tenure, age, profits, and assets. Briefly explain the results.
Are there any explanatory variables that you think might have a non-linear relationship with CEO salary? If so, which ones? Run a regression which incorporates this relationship into the model. Do the results support your belief?
salary totcomp tenure age profits assets sales
$3,030.00 $8,138.00 7 61 $2,956.00 $257,389.00 $161,315.00 $6,050.00 $14,530.00 0 51 $22,071.00 $237,545.00 $144,416.00 $3,571.00 $7,433.00 11 63 $4,430.00 $49,271.00 $139,208.00 $3,300.00 $13,464.00 6 60 $6,370.00 $92,630.00 $100,697.00 $10,000.00 $68,285.00 18 63 $9,296.00 $355,935.00 $100,469.00 $9,375.00 $42,381.00 6 57 $6,328.00 $86,100.00 $81,667.00 $9,525.00 $12,165.00 15 60 $5,807.00 $668,641.00 $76,431.00 $5,000.00 $24,424.00 5 61 $5,372.00 $59,920.00 $57,813.00 $999.00 $2,916.00 3 57 $1,120.00 $36,672.00 $56,154.00 $3,300.00 $7,467.00 2 60 $6,398.00 $59,550.00 $53,588.00 $3,500.00 $3,677.00 16 63 $5,165.00 $617,679.00 $50,777.00
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