Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects. regress logwages education workexp unionmember south ib(last). occupation femaleSourceModelResidualTotallogwageseducationworkexpunionmembersouthoccupationManagementSalesClericalServiceProfessionalfemale_consSS51.730255296.7165671148.446822Coefficient. 0694744. 0105903.205853-.1060423.2047711-.1456931-.0128342-.1995274. 1614812-.20802841.046263df.Std. err.5.1730255210523 .184926514.00994150016624.05102670416602.533 .278511862.0759394081705606342810608877.0691414MS. 041679.1353804Number of obsF(10, 523)Prob > FR-squaredAdj R-squaredRoot MSEt P>|t|6.99 0.0006.37 0.0004.03 0.000-2.55 0.0112.70 0.007-1.78 0.075-0.20 0.840-3.28 0.0012.34 0.020-4.99 0.0007.73 0.000. 0499442.0073244. 1056106-. 1878842. 0555873-.3062046. 1374395-.3191419. 0256522=-.2899072.780307====[95% conf. interval]=53427.970.00000.34850.3360.430030890046. 0138562.3060955-.0242005.3539548.0148184.111771-.0799128.2973103-.12614951.312219

Given Information: Consider the given output that shows the regression results

Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects.

Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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