Use the data file WAGE to work on using STATA and answer the following questions a) Examine the data b) Carry out remedial measure(s) if there is any problem with data c) Regress HRS on RATE, ERSP, ERNO, NEIN, AGE and DEP d) Conduct model specification tests using LINKTEST and OVTEST commands of STATA, and interpret the result e) Perform multicollinearity test f) Perform hetroscedasticity test g) Comment on the explanatory power and adequacy of the model h) Interpret the regression coefficients

/in /by

Use the data file WAGE to work on using STATA and answer
the following questions

a)     Examine the data

b)     Carry out remedial measure(s) if there is any problem with
data

c)     Regress HRS on RATE, ERSP, ERNO, NEIN, AGE and DEP

d)    Conduct model specification tests using LINKTEST and OVTEST
commands of STATA, and interpret the result

e)     Perform multicollinearity test

f)      Perform hetroscedasticity test

g)     Comment on the explanatory power and adequacy of the model

h)     Interpret the regression coefficients

You might also like
What is a relative price?
DERIVE TOTAL COST CURVE FROM OPTIMIZATION PROCESS?
If the supply curve is given by S (p) = 100+20p, formulate the inverse supply curve. changes from 10 to 20, what is the change in its profits?
the data below shows a tabulation on the production of a hypothetical product output (Q) total cost 0 25 1 32 2 38 3 42 4 48 5 58 6 67 7 78 8 98 use the data to answer the following questions:- * determine the total fixed cost * average variable cost schedule * marginal cost schedule * suppose this product is produced on a perfect market and the price of the commodity= 10. Determine the output Q that will maximize the profits. What is the maximum profits achieved by the firm? (show all the workings)
Cobb Douglas U=X1/2 1,X1/2 2) budget constraints of M=P1x1+p2x2 determine the marginal utilities of X1 x2 determine the quantity demanded for good 1 + 2
Suppose that the total utility function of a consumer is given by TU(x,y) = 3x2 y and the prices of X and Y are 1 Birr and 2 Birr per unit, respectively. If the income of the consumer is 600 Birr and if he spends all of his income on the consumption of commodities of X and Y, find the optimum amount of X and Y that the consumer will consume at equilibrium and find MRTSx,y.
determinants of supply leads to a movement along the supply curve or a shift in the supply curve.
n a certain market for sobolo,when the price of the drink was Ghc 3 the quantity demanded was 12bottles.On another day,when the price per bottle was 5 cedis,the quantity demanded was 6 bottles.Use the information to write the equation for demand.Now,what will be quantity demanded if price per bottle was 6cedis.If we restrict price to the same demand curve,what will happen if price is less than Ghc 2.