Question: Estimate an equation where abil appears in Quadratic Form : educ =b 0 + b 1 motheduc + b 2 fatheduc + b 3 abil

Estimate an equation where abil appears in Quadratic Form:

educ=b0 + b1motheduc + b2fatheduc + b3abil + b4abil2 + u

Using the estimates 3 and 4, use calculus to find the value of abil - call it abil*, where educ is minimized.

Given:Regression Model:

educ= 8.44869 + 0.1891314(motheduc)+ 01110854(fatheduc )+ 0.5054829(abil)

educ=education

mothereduc=mother's education

fatheduc=father's education

abil= cognitive ability

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