- you need to come up with a research question that you can answer using a...

 

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- you need to come up with a research question that you can answer using a regression equation estimated from this data. Answer the following: - Write your research question. Make sure it makes sense. Write the exact model that you are estimating to answer the research question (as I wrote in (5)). Specify the exact variables you are using from the data and explain why it makes sense to include each of them. If you include dummy variables, detail the values they take (as I did in (3)). The model should include at least 3 independent variables, at least one of which must be a categorical variable. Estimate your model and include the output in the solution. Conduct an F-test for overall significance of the model - precisely state the null and the research hypothesis, conduct the test (using either method 1 or 2) and reach a conclusion, and interpret the conclusion in words. Use significance level of 0.05. Which of the independent variables in your model affect your dependent variable? No need to do a full t-test for individual significance for each, rather just look at each of the p-values. Do the results make sense? Which additional variables would you have liked the data to include to answer the research question more comprehensively? - you need to come up with a research question that you can answer using a regression equation estimated from this data. Answer the following: - Write your research question. Make sure it makes sense. Write the exact model that you are estimating to answer the research question (as I wrote in (5)). Specify the exact variables you are using from the data and explain why it makes sense to include each of them. If you include dummy variables, detail the values they take (as I did in (3)). The model should include at least 3 independent variables, at least one of which must be a categorical variable. Estimate your model and include the output in the solution. Conduct an F-test for overall significance of the model - precisely state the null and the research hypothesis, conduct the test (using either method 1 or 2) and reach a conclusion, and interpret the conclusion in words. Use significance level of 0.05. Which of the independent variables in your model affect your dependent variable? No need to do a full t-test for individual significance for each, rather just look at each of the p-values. Do the results make sense? Which additional variables would you have liked the data to include to answer the research question more comprehensively?

Answer rating: 100% (QA)

Research QuestionDoes the level of education years of work experience and gender of individuals affect their salary Model Salary01Education2Experience3Gender Variables Explanation Salary Dependent variable representing the salary of individuals Education Independent variable representing the level of education of individuals It makes sense to include this variable as higher education levels might correlate with higher salaries Experience ... View the full answer