Ethical problem in dependent variable, Econometrics

The attached Eviews results are for a model who has a professional career (dependent variable = pro (1 if respondent has a professional career, 0 otherwise). The data is the 1979 cohort for the NLS.

Dependent variable: Col =1 if ressondent has a professional career, 0 otherwise

Explanatory Variables: V51 = highest grade completed

                                      Col= has a college degree (1=yes, 0 otherwise)

                                     V25= score on the AFQT exam

a.  Each of these models predicts the probability of a person completing college, but they are each interpreted differently.  Explain the difference.

B.  Interpret the V51 coefficient for each model, is it significant?

C.  Predict (with each model) the probability of having a professional career  for a person who has the following characteristics: V51=17 col=1 v25=60

You are using the same model as question for your senior seminar paper.  You notice with Eviews that the data set is about 3000 observations, but SPSS has about 1000 observations.  While the signs and magnitudes of the coefficients look about the same, the Eviews' results have much better t stats because of the larger sample size.  It will be much easier for you to write and present the paper using the Eviews results (and you will likely get a better grade too).  Briefly describe the Ethical problem you face, what are some solutions?

Posted Date: 2/18/2013 12:15:10 AM | Location : United States

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