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

Calculate minimal expected amount, A store is known for is bargains. The st...

A store is known for is bargains. The store has the habit of lowering the price of its bargains each day, to ensure that articles are sold fast. Assume that you spot an item on Wed

Firm''s profit function, A  firm manufactures  and  sells  a  product  that...

A  firm manufactures  and  sells  a  product  that  has  the  following  demand function:       Q = 180 - 4P   where P  is price, Q  is quantity.  It also  faces  the  following

Educational investment decision, cost benefit decision invest in college un...

cost benefit decision invest in college undergraduate 5 years

Healthcare, How will government regulation impact decision making

How will government regulation impact decision making

What do you understand by non-linear models, Question: (a) Formulate a ...

Question: (a) Formulate a VAR with 4 lags and also rewrite it in matrix form, mentioning the limitations of such models. (b) What is the rationale behind introducing lag-dep

Quantile regression coefficients, Consider the study of the effect of publi...

Consider the study of the effect of public-sponsored training programs. As argued in public programs of training and employment are designed to improve participant's productive ski

Agrilculture based project, visit to a village panchayat for agrilculture b...

visit to a village panchayat for agrilculture based project

Calculate the elasticity of the premium, You are a property insurer and one...

You are a property insurer and one of your potential clients, whose current wealth is $450,000, wants to insure her $250,000 house.  The chances of the house burning down in any gi

Pigouvian, In the United States, a buyer of a new electric is eligible for ...

In the United States, a buyer of a new electric is eligible for a one-time federal income tax credit of up to $4,000. Show the effect of this tax credit graphically, assuming the $

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