Exercise $3$:

Computer Application FOR LEAST SQUARES

Employ the CPS$1988$ data frame collected in the March $1988$ Current Population Survey $($CPS$)$ by the US Census Bureau. The dataset and a summary of the data set can be obtained by using the following commands in $R$ :

library$("$AER$")$

data$("$CPS$1988")$

summary$($CPS$1988)$

Use the dataset to estimate a wage equation in semilogarithmic form as follows, in $R$ software:

$log($ wage $)=($