Question: Use the data in WAGE 1 .RAW for this exercise. (i) Estimate the equation wage = (0 + (1educ + (2exper + (3tenure + u.

Use the data in WAGE 1 .RAW for this exercise.
(i) Estimate the equation
wage = (0 + (1educ + (2exper + (3tenure + u.
Save the residuals and plot a histogram.
(ii) Repeat part (i), but with log{wage) as the dependent variable.
(iii) Would you say that Assumption MLR.6 is closer to being satisfied for the level-level model or the log-level model?

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i ii iii The estimated equation is wage 287 599 educ 022 exper169 tenure 012 073 ... View full answer

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