Question: Econometrics Question Consider the regression Iwage = Bot Bipoints + Byrebounds + B3exper + B4expersq + u where /wage is the logarithm of the annual
Econometrics Question

Consider the regression Iwage = Bot Bipoints + Byrebounds + B3exper + B4expersq + u where /wage is the logarithm of the annual salary of an NBA basketball player, points is the average number of points he scores per game, rebounds is the average number of rebounds he gets per game, exper is years of professional experience, and expersq = expert. This model can be estimated using the data in nbasal.dta. Use that data and Stata to test the hypothesis that years of professional experience does not affect earnings versus the alternative that it does. State the null and alternative hypotheses in terms of the parameters, and conduct the test by comparing sum of squared residuals from two regressions. Conduct the test at the 5 percent significance level and be sure to give the value of the test statistic and the appropriate critical value
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