Question: A) Create a chart with 4 columns and headings as follows to explain your model (no discussion needed): Variable Name Note that variable names should

A) Create a chart with 4 columns and headings as follows to explain your model (no discussion needed):

  1. Variable Name
  • Note that variable names should be long enough to be descriptive. For example, Educ or Exp is better than "E" which could stand for multiple things.
  • Don't forget to include your dependent variable.

2. Variable Definitions

  • Variable definitions are craft in relation to what constitutes a subject. For example, "Number of Years of Experience for employee i."

3. Expected sign (could be Positive, Negative, or No Expectation)

4. Relevant hypothesis test given your expectation of sign (craft a statement of Ho and Ha).

  • When you write out your hypotheses, remember that you are predicting the sign of the coefficient ().
  • Don't forget to think about whether a one-tailed or two-tailed test is warranted.

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