d. In (y) = 50+ 0.02 + x + e e. y=2+0.5.x²+e

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d. In (y) = 50+ 0.02 * x + e
e. y=2+0.5 x² + e
Transcribed Image Text:d. In (y) = 50+ 0.02 * x + e e. y=2+0.5 x² + e
2. If y is the years of a child's education, and x is the average of the
parents education, interpret the coefficient in the following
regressions (assume the average years of parents education in your
sample is 13). The purpose of this problem is just to practice
interpreting coefficients in regressions of different functional forms.
All the numbers were invented. The results may be completely different
from question to question. -
a. y = 2 + 1.2*x+e
b. y=-72 +44 + In (x) + e
c. In (y) = 50+ 1.5 * In (x) + e
Transcribed Image Text:2. If y is the years of a child's education, and x is the average of the parents education, interpret the coefficient in the following regressions (assume the average years of parents education in your sample is 13). The purpose of this problem is just to practice interpreting coefficients in regressions of different functional forms. All the numbers were invented. The results may be completely different from question to question. - a. y = 2 + 1.2*x+e b. y=-72 +44 + In (x) + e c. In (y) = 50+ 1.5 * In (x) + e
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