QUESTION 4 Estimate the population regression model: 3 TestScore=B+B STR +B Income + Lunch + B...

 

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QUESTION 4 Estimate the population regression model: 3 TestScore=B+B STR +B Income + Lunch + B Income? +B Income ³ + u 1 i i i i i where E[u₁ISTR]=0 and predict TestScore at the sample median of all the right-hand side variables. What is the predicted TestScore (two decimal places)? i Note that in tutorial sessions we have done very similar exercises with the sample average of regressors instead of the sample median. QUESTION 4 Estimate the population regression model: 3 TestScore=B+B STR +B Income + Lunch + B Income? +B Income ³ + u 1 i i i i i where E[u₁ISTR]=0 and predict TestScore at the sample median of all the right-hand side variables. What is the predicted TestScore (two decimal places)? i Note that in tutorial sessions we have done very similar exercises with the sample average of regressors instead of the sample median.

Answer rating: 100% (QA)

The MASchools dataset has two variables that correspond to the testscore variable Scores of 4 and 8 employing three predictorsStratio Income and Lunchto fit separate regression models on each test res... View the full answer