Question 3A researcher is interested in assessing the driving factors of log wage and identifying if theydiffer for male and female workers.The researcher obtains the following regression output in EViewsDependent Variable: logWAGEMethod: Least SquaresSample: 1 526Included observations: 526VariableCoefficientStd. Error1-StatisicProb.-1.7906620.751212-2.3836970.0175EDUC0.5833230.05165611.292460.0000EXPER0.0556860.0110555.0352580.0000FEMALE-2.0671010.272208-7 5938390.0000MARRIED0.6602420.29685122241500.0256R-squared0.315800 Mean dependent var5.896103Adjusted R-squaredS.D. dependent var3.693086S.E. of regressionAkaike info criterion5.088405Sum squared resid4899.155 Schwarz criterion5.128950Log likelihood-1333.251 Hannan-Quinn criter.5.104280F-statistic60.11832 Durbin-Watson stat1.807244Prob(F-statistic)a) Is the model overall statiall sal overall nont? Justify your anwerb) What is the R squ is tis the cencich is the value of the adjusted R squared in thismodel? What is the dificicsearora{ween the adjusted R squared and the R squared?Which one should the researcher use and to which end?.c) Compute the standard error of the regression.d) Can the researcher conclude that the impact of experience on the expected log wageis bigger than 0.5 ceteris paribus? Justify your answer.e) Intepret the coefficient of Female.) Explain how the researcher could test if the impact of education on the average log wagediffers for female workers.

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Answered: A researcher is interested in assessing…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Problem 1P

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A researcher is interested in assessing the driving factors of log wage and identifying if they differ for male and female workers. The researcher obtains the following regression output in EViews