You have to analyse a model that you created.
I already create the model, where different variables affect Earnings (ln) log.
You have to explain why did we choose the variables, and how relevant.
Everything is explained in the assignment paper.
Use real reliable sources for the references. The assignment is to be delivered by turn-it-in.
The Variables in the model I attached, which we have to explain why we choose them and what are they.
–EDUCPROF — Professional Degree
–EDUCPHD — Doctorate
–EDUCMAST — Master’s degree
–EDUCAA — AssociAte’s (two years college) degree
–EDUCHSD — High school diploma or equivalent
–EDUCDO — High School drop-out
(ALL ABOVE ARE COMPARED AGAINST EDUCBA — Bachelor’s Degree)
–FEMALE — THIS IS COMPARED AGAINST MEN.
–ETHBLACK — Black Skin
–ETHHISP — Hispanic
(ABOVE ARE COMPARED AGAINST ETHWHITE — Whiten Skin)
–EXP — Total out of school work experience (years).
–HOURS — Usual number of hours worked per week.
–SF — Years of schooling of respondent’s father.
–ASVAB03 — Word Knowledge.
The teacher has provided us with the structure of the assignment to get a better mark.
Data and Descriptive Statistics:
Recommendations: (depending on the student)