Question: This exercise is a continuation of Exercise 8.20. Estimates from 8.20 (c) and 8.20(d) should be used to answer the following questions. (a) Forecast the

This exercise is a continuation of Exercise 8.20. Estimates from 8.20

(c) and 8.20(d)

should be used to answer the following questions.

(a) Forecast the wage of a married worker with 18 years of education and 16 years of experience. Use both the natural predictor and the corrected predictor. (See Chapter 4.5.3.)

(b) Find a 95% forecast interval for the wage of a married worker with 18 years of education and 16 years of experience. Ignore the uncertainty and sampling error from estimating the coefficients.

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