Solved

You Have Collected a Sub-Sample from the Current Population Survey

Question 14

Essay

You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? = You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? 0 = 18.58
a.Interpret the result.
b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of "1" for females but is "0" otherwise.The regression result changes as follows: You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? = You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? 1×DFemme = 16.50×DFemme
What is the interpretation now?
c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? = You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58 a.Interpret the result. b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of 1 for females but is 0 otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme What is the interpretation now? c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale What is the interpretation of the coefficient now? d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been? 2×DMale = 20.09×DMale
What is the interpretation of the coefficient now?
d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been?

Correct Answer:

verifed

Verified

a.The mean average hourly earnings for t...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: When there are omitted variables in the

Q9: (Requires Calculus)For the simple linear regression model

Q10: Imperfect multicollinearity<br>A)is not relevant to the field

Q11: You have collected data for 104 countries

Q12: Females,on average,are shorter and weigh less than

Q13: In the process of collecting weight and

Q15: Omitted variable bias<br>A)will always be present as

Q16: The adjusted R2,or <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2833/.jpg" alt="The adjusted

Q31: Imperfect multicollinearity<br>A)implies that it will be difficult

Q48: One of your peers wants to analyze