Data analysis: Basic regression analysis
May I please get assistance with the attached problem? I am failing to use Stata program to read the data. Please give me a detailed analysis of the data.
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Hi, this is an interesting problem to teach you about very basic regression analysis. I had to rename the file Wage2.dta to get it work with my stata, but once I did that, it was quite easy.
To go through the problems (output is shown in the attached file):
1. The regression of education on the log of wages is shown at the top. According to this model, education has a very positive and very strong significant effect (t ...
Solution Summary
An introductory tour through regression analysis, including the differentiation between exogenous and endogenous variables.
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