Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. the measure of standard error can also be applied

The measure of standard error can also be applied to the parameter estimates resulting from...

70.2K

Verified Solution

Question

Statistics

image

The measure of standard error can also be applied to the parameter estimates resulting from linear regressions For example consider the following linear regression equation that describes the relationship between education and wage WAGE Bo B EDUC where WAGE is the hourly wage of person i i e any specific person and EDUC is the number of years of education for that same person The residual e encompasses other factors that influence wage and is assumed to be uncorrelated with education and have a mean of zero Suppose that after collecting a cross sectional data set you run an OLS regression to obt Following parameter estimates WAGE 10 1 6 2 EDUC 4 86 3 52 4 19 5 53 If the standard error of the estimate of 1 is 1 34 then the true value of lies between and grows you would expect this range to in size As the number of observations in a data set

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Construct a regular pentagon inscribed in a circle of radius 1+ ?5. Compute the exact...

Chemistry
1.2K views

1. What happens when a strong acid suchas HBr dissolves in water? 2. What is the PH...

Biology
1.2K views

State the molecular function of the proteins encoded by each of the following genes. Briefly state...

Biology
1.2K views

21 Listen Antidiuretic hormone ADH functions at the cellular level by triggering the synthesis of...

Physics
1.2K views

An automobile collides with a truck at an intersection The car of mass 1 4...

Physics
1.2K views

Q A particle moving with velocity is acted by three forces shown by the vector...

Geometry
1.2K views

2 mAB A A 30 degrees B 45 degrees C 80 degrees D 90 degrees...

Geometry
1.2K views

Relax How are the measures of inscribed angles and central angles related when they intercept...

Geometry
1.2K views

5 6 Points DETAILS Consider the following to y Z LARMPMT1 10 1 038 to...

Statistics
1.2K views

A certain article indicates that in a sample of 1 000 dog owners 660 said...

Accounting
1.2K views

. manufactures widgets. The materials used for the widgets are inexpensive, but the process is...

Finance
1.2K views

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity,...