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Computer Exercises Econometrics

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Computer Exercises C1.2 Use the data in BWGHT.RAW to answer this question. . summ Variable | Obs Mean Std. Dev. Min Max -------------+-------------------------------------------------------------------------------- faminc | 1388 29.02666 18.73928 .5 65 cigtax | 1388 19.55295 7.795598 2 38 cigprice | 1388 130.559 10.24448 103.8 152.5 bwght | 1388 118.6996 20.35396 23 271 fatheduc | 1192 13.18624 2.745985 1 18 -------------+-------------------------------------------------------------------------------- motheduc | …show more content…

Average salary= $865,864.40 Average tenure with company= 22.50282 years Average tenure as CEO=7.954802 (ii) How many CEO’s are in their first year as CEO (that is, ceoten=0)? CEO’s in their first year as CEO=5 What is the longest tenure as a CEO? Longest tenure as a CEO= 37 years (iii) Estimate the simple regression model log(salary)=Bo+B1ceoten+u and report your results in the usual form. What is the (approx) predicted percentage increase in salary given one more year as a CEO? Source | SS df MS Number of obs = 177

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