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Econometrics Assignment / Data Analyst (econometrics) Needed Urgently / Strange Test Econometrics Question In UNILAG (2) (3) (4)
Econometrics by amstamon: 2:15pm On Jul 25, 2023 |
Please who can help interpret this? It's very important and actually an assignment
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Re: Econometrics by QGist(m): 2:24pm On Jul 25, 2023 |
Contact us @ https:///message/JBHZ7YXYRR36N1 |
Re: Econometrics by amstamon: 2:37pm On Jul 25, 2023 |
QGist:The link is not redirecting 1 Like |
Re: Econometrics by QGist(m): 2:59pm On Jul 25, 2023 |
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Re: Econometrics by Karofski: 7:37pm On Jul 25, 2023 |
The R square of 0.306 show that 30.6% of the dependent variable (wage) is been explained by the independent variables. This means that d model is not fit and more variables is to be included to explain d dependent variable. From d coefficients, holding educ and exper constant will lead to a negative impact on wage where a unit change will lead to wage reducing by 9.399 Educ have a positive significant (its significant because d t-value of 4.303 is greater than 1.96 at 5% significance and also d probability value is 0.0000 which is less than 0.05 at 5% level of significance). A unit increase in d level of education will lead to an increase in wage by 1.263. Exper have a positive impact though not significant ( it is insignificant because d t-value of 1.650 is less than 1.96 at 5% level of significance and also d probability value of 0.106 is greater than 0.05). A unit increase in d level of experience will lead to an increase in wage by 0.110. Wage= -9.49 + 1.26 (Educ) + 0.11(Exper) means that ; holding other things constant, wage will decrease by 9.49. A unit increase in Educ will increase wage by 1.26. A unit increase in Exper will increase wage by 0.11. 1 Like |
Re: Econometrics by amstamon: 10:01pm On Jul 25, 2023 |
Karofski:Thanks boss of life. Pls does the interpretation covers both NOVA and COEFFICIENTS according to the table Please how can I contact you privately? |
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