Given below are results from the regression analysis where the dependent variabl

Question

Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age) and a dummy variable for management position (Manager: 1 = yes, 0 = no).

Which of the following is a correct statement?

A) On average, a worker who is a year older is estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of the manager dummy variable.

B) On average, a worker who is a year older is estimated to stay jobless longer by approximately 0.2143 weeks while holding constant the effects of the manager dummy variable.

C) On average, a worker who is a year older is estimated to stay jobless shorter by approximately 0.2143 weeks while holding constant the effects of the manager dummy variable.

D) On average, a worker who is a year older is estimated to stay jobless shorter by approximately 1.4448 weeks while holding constant the effects of the manager dummy variable.

Explanation / Answer

The slope coeffcient of Age is 1.4448.

That is for each one year increase in age , jobless period of person in increased by 1.448 units keeping other things constant.

A) On average, a worker who is a year older is estimated to stay jobless longer by approximately 1.4448 weeks while holding constant the effects of the manager dummy variable.

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