Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects. regress logwages education workexp unionmember south ib(last). occupation femaleSourceModelResidualTotallogwageseducationworkexpunionmembersouthoccupationManagementSalesClericalServiceProfessionalfemale_consSS51.730255296.7165671148.446822Coefficient. 0694744. 0105903.205853-.1060423.2047711-.1456931-.0128342-.1995274. 1614812-.20802841.046263df.Std. err.5.1730255210523 .184926514.00994150016624.05102670416602.533 .278511862.0759394081705606342810608877.0691414MS. 041679.1353804Number of obsF(10, 523)Prob > FR-squaredAdj R-squaredRoot MSEt P>|t|6.99 0.0006.37 0.0004.03 0.000-2.55 0.0112.70 0.007-1.78 0.075-0.20 0.840-3.28 0.0012.34 0.020-4.99 0.0007.73 0.000. 0499442.0073244. 1056106-. 1878842. 0555873-.3062046. 1374395-.3191419. 0256522=-.2899072.780307====[95% conf. interval]=53427.970.00000.34850.3360.430030890046. 0138562.3060955-.0242005.3539548.0148184.111771-.0799128.2973103-.12614951.312219

Given Information: Consider the given output that shows the regression results

Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects.

Interpret the OLS coefficients (intercept and slope coefficients). When doing it, make sure to discuss the sign of the coefficient, its magnitude and ceteris-paribus interpretations, as well as statistical significance of the coefficients. First, discuss the approximate marginal effects. Next, calculate and discuss the exact marginal effects.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 25EQ

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