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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 1
Use the data in WAGE1.RAW for this exercise.
(i) Estimate the equation
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 levellevel model or the log-level model
(i) Estimate the equation
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 levellevel model or the log-level model
Explanation
Verified
Verified
i.
The estimated regression output for t...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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