Question: 4.1 The result of fitting an educational attainment function, regressing S on ASVABC, SM, and SF, years of schooling (highest grade completed) of the respondents

4.1 The result of fitting an educational attainment function, regressing S on ASVABC, SM, and SF, years of schooling (highest grade completed) of the respondent’s mother and father, respectively, using EAEF Data Set 21 is shown below. Give an interpretation of the regression coefficients.

reg S ASVABC SM SF Source SS df MS Number of obs

reg S ASVABC SM SF Source SS df MS Number of obs = F( 3, 566)= 570 110.83 Model Residual 1278.24153 2176.00584 566 3 426.080508 3.84453329 Prob > F = 0.0000 R-squared = 0.3700 Adj R-squared = 0.3667 Total | 3454.24737 569 6.07073351 Root MSE = 1.9607 S | Coef. Std. Err.. t P>|t| [95% Conf. Interval] ASVABC .1295006 .0099544 13.009 0.000 .1099486 .1490527 SM .069403 .0422974 1.641 0.101 -.013676 152482 SF .1102684 .0311948 3.535 0.000 .0489967 .1715401 cons 4.914654 .5063527 9.706 0.000 3.920094 5.909214

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Econometrics Questions!

3.1 The output is the result of fitting an educational attainment function, regressing S on ASVABC, a measure of cognitive ability, SM, and SF, years of schooling (highest grade completed) of the...

I have attached 2 business research. Write a 700- to 1,050-word paper in which you practice identifying the critical first stage of developing any research study: State the purpose of the business...

The Intersection of Race and Community Poverty and Its Effects on Adolescents' Academic Achievement Mellissa S. Gordon1 and Ming Cui2 Abstract Although most studies have established the importance of...

QUESTION 5 (20 marks) The table below shows the result after fitting by Autoregressive Integrated Moving Average (ARIMA) model. Coefficients Standard Error Sig, value Difference 1 MA Lag 1 0.941...

Pls help 8. We will now perform cross-validation on a simulated data set. (a) Generate a simulated data set as follows: > set . seed (1) y=rnorm (100) x=rnorm (100) > y=x-2*x ^2+rnorm (100) In this...

Please give matlab code You should publish your file as a PDF format. File name: "abc123 InLabExercise05.pdf 1. For the data given in the table 1 below x 5 1015 20 253035 40 4550 y 1724 3133 37 370...

5.4 Refer to Problem 4.16 on the four scales of the MyersBriggs (MBTI) personality test. Table 5.10 shows the result of fitting a model using the four scales as predictors of whether a subject drinks...

14.30 Wheat crop yield The following table shows the result of fitting the regression model for predicting wheat crop yield with indicator variables for fertilizer level (low: 0, high: 1) and...

We will now perform cross - validation on a simulated dataset. ( a ) 4 p t s Generate a simulated dataset as follows: def f ( x ) : return x * * 5 - 2 4 + x * * * 3 np . random.seed ( 1 ) x = np ....

Using Hyperparameter Tuning we want to optimize model performance. Please provide a summary for the code.filtered _ df _ model [ ' price _ scaled' ] = scaler _ price.fit _ transform ( filtered _ df _...

Which of the following categorical syllogisms is in standard form? a. Some whales are fish. No whales are mammals. So, some fish are not mammals. b. All dogs are mammals. Cats are not dogs. So, no...

What is the difference between Four Probe Method and Two Probe Method? Explain with circuit diagrams.

For an underlying asset that has no holding costs or benefits, the no - arbitrage forward price at initiation of a forward contract is: a . the future value of the spot price. c . zero. b . equal to...

a. The United States Congress is well qualified to debate and set generally accepted accounting principles. Comment. b. Speculate on why these bills were directed to amend the Securities Exchange Act...