OLS Regression
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Comment briefly what these two boxplots reveal:
Dependent variable: log (w) w: wage (earnings per hour)
Independent variables: female, union member, non-white, years of schooling, years of experience, experience squared.
*(Please see attachment for graphs)
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Solution Summary
The expert examines OLD regression dependent variables. Two boxplots are revealed.
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We find that the boxplots of OLS residuals by Schooling level is fine. The variance of the residual term is normally ...
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