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You decide to add a second independent variable to your regression. Male is a dummy variable that equals 1 if the individual is male and 0 otherwise. Your regression results are now:   wage = 3.071    +    0.289 × Years of Schooling + 1.28 × Male (0.143)        (0.0168)                                   (0.624)   Interpret the coefficients from this regression. Make sure to clearly indicate what is changing and what is constant in each interpretation.   Determine whether each coefficient is statistically significant at each of the conventional significance levels.   The R2 for this regression is 0.316. Interpret the meaning of this value.

You decide to add a second independent variable to your regression. Male is a dummy variable that equals 1 if the individual is male and 0 otherwise. Your regression results are now:   wage = 3.071    +    0.289 × Years of Schooling + 1.28 × Male (0.143)        (0.0168)                                   (0.624)   Interpret the coefficients from this regression. Make sure to clearly indicate what is changing and what is constant in each interpretation.   Determine whether each coefficient is statistically significant at each of the conventional significance levels.   The R2 for this regression is 0.316. Interpret the meaning of this value.

MATLAB: An Introduction with Applications
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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  1. You decide to add a second independent variable to your regression. Male is a dummy variable that equals 1 if the individual is male and 0 otherwise. Your regression results are now:

 

wage = 3.071    +    0.289 × Years of Schooling + 1.28 × Male

(0.143)        (0.0168)                                   (0.624)

 

    1. Interpret the coefficients from this regression. Make sure to clearly indicate what is changing and what is constant in each interpretation.

 

    1. Determine whether each coefficient is statistically significant at each of the conventional significance levels.

 

    1. The R2 for this regression is 0.316. Interpret the meaning of this value.

 

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