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Write down the estimated equation and interpret all the regression coefficients

ID: 3379795 • Letter: W

Question

Write down the estimated equation and interpret all the regression coefficients in terms their magnitude and statistical significance at 5% level and comment which of these variables has the highest significant to the wage. The results of the test whether the three newly included variables have a significantly joint effect on the wage are presented in the Eviews output (below) In your test you should clearly state both the Null and Alternative Hypotheses, you decision based on the decision rule and the implications (conclusion in the context of the problem):

Explanation / Answer

Write down the estimated equation and interpret all the regression coefficients

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