The estimated regressions in the following table were computed using data for 2015 from the Current Population
Question:
The estimated regressions in the following table were computed using data for 2015 from the Current Population Survey (CPS). The data set consists of information on 7178 full-time, full-year workers. The highest education achievement for each worker was either a high school diploma or a college degree. The workers' ages ranged from 25 to 34 years. The data set also contains information on the region of the country where the person lived, marital status, and number of children. For the purpose of these exercises, let: AHE = average hourly earnings College = binary variable (1 if college, 0 if high school) Female = (1 if female, 0 if male) Age = age (in years) Northeast = binary variable (1 if Region = Northeast, 0 otherwise) Midwest = binary variable (1 if Region = Midwest, 0 otherwise) South = binary variable (1 if Region = South, 0 otherwise) West = binary variable (1 if Region = West, 0 otherwise)
Compute?
for each of the regressions.?(Report your answers to three decimal places.)
Column 1 Regression:
Column 2 Regression:
Column 3 Regression:
Expert Answer:
The regression in column 1 is given as AHE 18151047College 469Female The regres... View the full answer
