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Regression Analysis, Econometrics

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#qu3. People educational achievement is affected, among other factors, by the demographic characteristics of their households; the following multiple regression model was estimated for 722 men aged 25+: where is years of schooling, is number of siblings, is mother’s years of schooling, and is father’s years of schooling.

3.1. Does sibs have the expected effect? Explain. Holding and fixed, by how much does have to increase to reduce predicted years of education by one year? (A no integer answer is acceptable here.)

3.2. Discuss the interpretation of the coefficient on meduc.

3.3. Suppose that Man A has no siblings, and his mother and father each have 12 years of education. Man B has no siblings, and his mother and father each have 16 years of education. What is the predicted difference in years of education between B and A?
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