UCLA ECON 106F - home work 3 (8 pages)

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home work 3



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home work 3

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Pages:
8
School:
University of California, Los Angeles
Course:
Econ 106f - Finance

Unformatted text preview:

2 15 a It is observed that the variable wage has a higher mean and standard deviation that the variable education b The data is statistically significant so education has a positive influence on wage c d Female black male and white regression in order below e f g It has a bell shaped distribution h education has a positive influence on wage The marginal effect for 12 and 14 years is less for log linear model than it is for the coefficient linear model 3 18 a d 3 14 a The relationship between SAL1 and RPRICE2 is going to be negative The relationship between SAL1 and RPRICE3 is also going to be negative As relative price increases demand decreases b c d e



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