Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a job training program (train) is modeled as log ( ) Which of the following is the most accurate interpretation of the coefficient, a Participating in the training program increases the wage by $ b Participating in the training program is predicted to increase the wage by c Holding education and experience constant, participating in the training program is predicted to increase the wage by d Holding education and experience constant, participating in the training program increases the wage by $

Question: Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a job training program (train) is modeled as: log

Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a job training program (train) is modeled as: log ( ) = + + + . Which of the following is the most accurate interpretation of the coefficient, ?

	a.	Participating in the training program increases the wage by $ .
	b.	Participating in the training program is predicted to increase the wage by % .
	c.	Holding education and experience constant, participating in the training program is predicted to increase the wage by
	d.	Holding education and experience constant, participating in the training program increases the wage by $ .

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