Question: reg wage union educ exper white married married_white Source | SS df MS Number of obs = 4,360 -------------+---------------------------------- F(6, 4353) = 133.46 Model |

reg wage union educ exper white married married_white Source | SS df MS Number of obs = 4,360 -------------+---------------------------------- F(6, 4353) = 133.46 Model | 6944.78162 6 1157.4636 Prob F = 0.0000 Residual | 37753.4724 4,353 8.67297781 R-squared = 0.1554 -------------+---------------------------------- Adj R-squared = 0.1542 Total | 44698.254 4,359 10.254245 Root MSE = 2.945 ------------------------------------------------------------------------------ wage | Coefficient Std. err. t P|t| [95% conf. interval] -------------+---------------------------------------------------------------- union | .8651773 .104526 8.28 0.000 .6602532 1.070101 educ | .6150081 .0277351 22.17 0.000 .5606333 .669383 exper | .2671639 .017689 15.10 0.000 .2324844 .3018433 white | .3582943 .1311087 2.73 0.006 .1012545 .6153342 married | .6801371 .1798608 3.78 0.000 .3275184 1.032756 married_wh~e | -.1353263 .2061649 -0.66 0.512 -.5395146 .2688619 _cons | -3.782895 .3825063 -9.89 0.000 -4.532802 -3.032988 What is the interpretation of Beta hat 1?

reg wage union educ exper white married married_white Source | SS df MS Number of obs = 4,360 F(6, 4353) = 133.46 Model | 6944.78162 6 1157.4636 Prob F = 0.0000 Residual | 37753.4724 4,353 8.67297781 R-squared = 0.1554 Adj R-squared = 0.1542 Total | 44698.254 4,359 10.254245 Root MSE 2.945 wage | Coefficient Std. err. t P|t| [95% conf. interval] union | 8651773 .104526 8.28 0.000 .6602532 1.070101 educ | .6150081 .0277351 22.17 0.000 .5606333 .669383 exper | .2671639 .017689 15.10 0.000 .2324844 .3018433 white | .3582943 .1311087 2.73 0.006 .1012545 .6153342 married | 6801371 .1798608 3.78 0.000 .3275184 1.032756 married_whe | -.1353263 .2061649 -0.66 0.512 -.5395146 .2688619 cons | -3.782895 .3825063 -9.89 0.000 -4.532802 -3.032988 What is the interpretation of Beta hat 1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Model 1 a) Interpret the regression coefficients (both slope and the intercept) in model 1. b) Write down the predicted model. How much would you expect someone to make if they have 10 years of...

Attached below is the Stata information of WAGE1.raw reg lwage female educ exper tenure Source SS df MS Number of obs 526 11 1I F(4, 521) 84.07 Model 58 . 1853046 14.5463261 Prob > F 3. 0090 Residual...

Question #3 [40 Points] a. [6 Points] Suppose now that you suspect nonlinearity in the wage and tenure relationship as well as in the wage and exper relationship. So, i) how would you check for...

Q3: Please help me with a b and c 3. Suppose we were interested in using the Vella and Verbeek (1998) panel dataset, described on slide #20 of secton3(1], to estimate the causal effect of marriage on...

Homework 8 Instructions: Place all answers into a single one-totwo page document. Upload the docu ment onto the Canvas homework page by the due date. Documents must be in one of the following...

C5 Confirm the partialling out interpretation of the OLS estimates by explicitly doing the partialling out for Example 3.2. This first requires regressing educ on exper and tenure and saving the...

Please use model below for this: a. regress log wage on educ, exper and tenure. b. Explain the meaning of the estimated educ coefficient t-ratio p-value Model 2: OLS, using observations 1-935...

Which model is better? G1 or G2 167 * ### Question 2 168 * *Compare the two models :Model g1: wage ~ region& Model 92: wage ~ region + educ + exper** 169 - "{r} 170 # Fit the models 171 model_g1 F)...

Consider the NLS panel data on young women discussed in Section 15.4.3. However, let us consider only years 1987 and 1988. These data are contained in the file nls_panel2.dat. We are interested in...

I need help with all of these Use the STATA output for Model 1 at the end of this handout to answer the following questions: a. Interpret the regression coefcients in model 1. b. How much would you...

At the beginning of 2009, Expert Manufacturing purchased a new computerized drill press for $65,000. It is expected to have a five-year life and a $5,000 salvage value . Required a. Compute the...

The plane of a flat, circular loop of wire is horizontal. An external magnetic field is directed perpendicular to the plane of the loop. The magnitude of the external magnetic field is increasing...

1). Arizona DNA Testing Statute (A.R.S. 13-4240) Issue : Under Arizona's post-conviction DNA testing statute, which allows testing of previously untested evidence that could establish innocence, can...

Oust the Turtle Company has the following balances on December 31, 2020: Cash on hand 4,500.00 Cash in bank A 33,000.00 Cash in bank X 50,000.00 Cash in bank C 822,999.72 Cash on hand includes $ 3....