Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Conduct a simple linear regression analysis to examine the relationship between ‘education’ (the independent variable) and ‘wage’ (the dependent variable). Using the Excel data file, prepare a 2000 word report using the following structure:  
Purpose (2 marks) Background (2 marks) Method (4 marks) Results (4 marks) Discussion (5 marks) Recommendations (3 marks)  
In preparing your report you must address the following questions:  
(a) Obtain summary statistics and histograms for the variables WAGE and EDUC. Discuss the data characteristics (2 marks). (b) Estimate the linear regression WAGE = β1 + β2EDUC + ε and interpret the slope. (c) Calculate the residuals and plot them against EDUC. Are any patterns evident and, if so, what does this mean? (3 marks) (d) Estimate the quadratic regression WAGE = α1 + α2EDUC2 + ε and interpret the results. Estimate the marginal effect of another year of education on wage for a person with 12 years of education, and for a person with 14 years of education. Compare these values to the estimated marginal effect of education from the linear regression in part (b). (4 marks). (e) Construct a histogram of ln(WAGE). Compare the shape of this histogram to that for WAGE from part (a). Which appears to be more symmetric and bell-shaped? (2 marks). (f) Estimate the log-linear regression ln(WAGE) = γ1 + γ2EDUC + ε and interpret the slope. Estimate the marginal effect of another year of education on wage for a person with 12 years of education, and for a person with 14 years of education. Compare these values to the estimated marginal effects of education from the linear regression in part (b) and quadratic in part



testimonials icon
Question Description THIS IS A S...
testimonials icon
Order Grade A+ Academic Papers Instantly!...
testimonials icon
  Week 4 - Discussion 1 Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7...
testimonials icon
This is the teacher instruction* All written assignments must be typed with font size of 12 and 1.5 spaced and must include heading and subh...
testimonials icon
To measure controllable production inefficiencies, which of the following is the best basis for a company to use in establishing the standard hours al...
testimonials icon
On the basis of your work experience and any information available to  you, identify any two training methods practiced by the chosen  organiz...
testimonials icon
Assignment 1: Your Recession StrategySuppose that you are the chief economic advisor to the pre...
testimonials icon
Cornerstone Exercise 9-24            Preparing a Direct Labor BudgetPatrick Inc. makes industrial solvents. Planned production in...
testimonials icon
Write minimum 500 word Reflective Essay answering the following questions:  Answer the following questions presented in an A...
testimonials icon
s4-page paper, standard formats3 pages are for your paper, 1 page is for your citationsYou MUST use evidence WITH citations to prove your claims.sAnsw...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65