Suppose you calculate s b 1 = 325 and s b2 = 285 , and you know
Question:
Suppose you calculate sb1 = 325 and sb2 = 285 , and you know that 50 observations were used to estimate the model. Test the significance of the regression coefficients in question 17.
Question 17
Suppose a labor economist is interested in the effect of experience and education on income. He obtains the following regression.
Interpret the regression coefficients for EXPER and EDUC.
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Based on the image the regression equation is INCOME 24000 1000EXPER 500EDUC where INCOME income mea...View the full answer
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Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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