In Problem 4.11, the R-squared from estimating the model log(salary) = (0 + (1logi (sales) + (2
Question:
log(salary) = (0 + (1logi (sales) + (2 log(mktval) + (3 profmarg
+ (4 ceoten + (5 fomten + u,
Using the data in CEOSAL2.RAW, was R2 = .353 (n = 177). When ceoten2 and comten2 are added, R2 = .375. Is there evidence of functional form misspecification in this model?
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There is functional form misspecification if 0 or 0 where t...View the full answer
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Related Book For 
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
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