Ethical problem in dependent variable, Econometrics

Assignment Help:

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?


Related Discussions:- Ethical problem in dependent variable

Ec, economic system

economic system

Maximizing profit, verify Leibniz rule for differentiation under the integr...

verify Leibniz rule for differentiation under the integral sign for the following function 2x^2+3xy+3y^2

Determine the amount of the money, You are gambling. There is a white urn i...

You are gambling. There is a white urn in front of you, which contains a total of 100 black and white balls. You are blindfolded, get to pick one ball randomly, and see which color

Healthcare, How will government regulation impact decision making

How will government regulation impact decision making

The Myth of Public Goods by Mark Davis (2010); the J, Ask questia) Summariz...

Ask questia) Summarize the basic tenets of the arguments in thiscase b) Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed explanati

Portfolio maximization , Derive marginal benefit of reducing principal bala...

Derive marginal benefit of reducing principal balances

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd