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

Exam prep, Females, it is said, make 70 cents to the dollar in the United S...

Females, it is said, make 70 cents to the dollar in the United States. To investigate this phenomenon, you collect data on weekly earnings from 1,744 individuals, 850 females and

Hetroscedasticity, hypothetical data on consumption expenditure ($) and inc...

hypothetical data on consumption expenditure ($) and income ($) is given in the table x Y 80 55 100 65 85 70 110 80 120 79 115 84

Q1, how to find the relationship for a simple linear model?

how to find the relationship for a simple linear model?

Dummy Variable, Define Dummy Variable and write its importance in Regressio...

Define Dummy Variable and write its importance in Regression model.

Probability distribution function, Assume the following table gives the joi...

Assume the following table gives the joint PDF (probability distribution function, not Adobe document!!) of two discrete variables, x and Y.                                  Vari

Request of answers, Ask q2. Using a sample of 545 full-time workers, a rese...

Ask q2. Using a sample of 545 full-time workers, a researcher is interested in the question as to whether women are systematically underpaid compared with men. First, a research es

Regression, You have collected data for 104 countries to address the diffic...

You have collected data for 104 countries to address the difficult questions of the determinants for differences in the standard of living among the countries of the world. You rec

Differentiate between linear and log-linear model, Problem: (a) Differe...

Problem: (a) Differentiate between linear and log-linear model. (b) Distinguish between type I and type II errors. (c) (i) A bulb manufacturer claims that its bulbs last

F testing, given the formula for f statistic prove that by using the f stat...

given the formula for f statistic prove that by using the f statistic you can derive this formula

Project, QM2 Econometric Project As part of the course requirements you hav...

QM2 Econometric Project As part of the course requirements you have to undertake an econometric evaluation of an economic issue using data that you have gathered either from the ho

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