You need to replicate the above result as your rst regression result included in your report. Note: The Excel output table does not identify the dependent variable in your regression. You will need to type the "Dependent Variable is Private Average Salary\" onto the output table. You also need to clearly explain the key findings in the regression summary output. I will clearlyI and carefully go over in class what you need to do for your analysis of the regression output. Students taking careful notes can be confident they know what to cover in their analysis . NEXT, you will review the 35 listed skills in the data set and select four skills that you believe are lilcely to be the most rewarded in the private sector labor market. For these skills, you expect that a rise in the importance of d1e skill for an occupation is associated with a rise in the private average salary . Write a clear but concise explanation of why your team selected these four skills as the skills most likely to receive higher pay in the private sector. llvl PDFlTnNT: do NOT first run regressions looking for those skills with the largest coefficients. 'I'ourgrade does not depend upon correctly guessing which skills show the largest impact. Just make your guesses and explain your reasoning. After selecting your four skills most likely to be rewarded, select the four skills your team thinks are least likely to be rewarded. For these skills a rise in the importance of the skill for an occupation has no impact on private average salary or may even lower private average salary. Again, do NOT rst run regressions looking for those skills with the smallest coefficients. Your grade does not depend upon correctly guessing which skills show the largest impact. Just make your guessa and explain your reasoning You will run eight different regressions. Each regression will have three right-side explanatory variables: the Bachelors and Masters Plus variables along with one of your eight selected sirill variables. Suppose you had selected Active Learning as one of your skill variables, if so your regression output would he