You have 5 years of monthly data on labour market characteristics. Model A: wagej = Bo + B1 educ + B2 age, + B3 tenure, + u, Model B: wage, = Bo + B1 educ + B2 age, + B3 tenure, + B4 age,?+ B5 tenure? + uj %3D %3D RSSA is 0.254 RSSB is 0.121 The F statistic to test the null hypothesis, B4 = Bs = 0, is? [2 decimal places requires] Answer:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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You have 5 years of monthly data on labour market characteristics.
Model A: wage = Bo + B1 educ + B2 age, + B3 tenure + uj
Model B: wagej = Bo + B1 educ + B2 age, + B3 tenure + B4 age?+ B5 tenure? + Uj
%3D
%3!
RSSA is 0.254
RSS8 is 0.121
The F statistic to test the null hypothesis, B4 = B5 = 0, is? [2 decimal places requires]
Answer:
Transcribed Image Text:You have 5 years of monthly data on labour market characteristics. Model A: wage = Bo + B1 educ + B2 age, + B3 tenure + uj Model B: wagej = Bo + B1 educ + B2 age, + B3 tenure + B4 age?+ B5 tenure? + Uj %3D %3! RSSA is 0.254 RSS8 is 0.121 The F statistic to test the null hypothesis, B4 = B5 = 0, is? [2 decimal places requires] Answer:
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