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    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 Preview

    We find that the boxplots of OLS residuals by Schooling level is fine. The variance of the residual term is normally ...

    Solution Summary

    The expert examines OLD regression dependent variables. Two boxplots are revealed.