(Solution) Amanda Nguyen Department of Economics UCLA Economics 103 Introduction to Econometrics Spring 2016 Problem Set 2 - Due From textbook: all data sets...

Can anybody shows me how to do Exercise 1 c,d,e in the fileAmanda Nguyen

 

Economics 103

 

Department of Economics

 

Introduction to Econometrics

 

UCLA

 

Spring 2016

 

Problem Set 2 - Due

 

From textbook:

 

all data sets can be found at http://www.principlesofeconometrics.com/poe4/poe4stata.htm

 

4.14

 

5.12

 

6.14 (skip b, d)

 

Additionally, please complete the following exercise:

 

Exercise 1:

 

Consider the following STATA output.

 

. reg inctot educ educ2 white noenglish

 

Source |

 

SS

 

-------------+------------

 

Model |

 

91226.521

 

Residual |

 

410098.561

 

-------------+------------

 

Total |

 

501325.082

 

------------------------------------------------------------------------------

 

inctot |

 

Coef.

 

Std. Err.

 

t

 

P>|t|

 

[95% Conf. Interval]

 

-------------+----------------------------------------------------------------

 

educ |

 

3899.688

 

458.2786

 

8.51

 

0.000

 

4798.089

 

3001.286

 

educ2 |

 

-162.2101

 

37.4014

 

-17.52

 

0.000

 

-581.889

 

-728.5312

 

white |

 

2319.828

 

766.765

 

3.03

 

0.002

 

816.6746

 

3822.982

 

noenglish |

 

-3097.433

 

809.5919

 

-3.83

 

0.000

 

-4684.544

 

-1510.323

 

_cons |

 

12144.37

 

1576.941

 

7.70

 

0.000

 

9052.966

 

15235.78

 

------------------------------------------------------------------------------

 

. reg inctot white noenglish

 

Source |

 

SS

 

-------------+------------

 

Model |

 

23921.978

 

Residual |

 

477403.104

 

-------------+------------

 

Total |

 

501325.082

 

------------------------------------------------------------------------------

 

inctot |

 

Coef.

 

Std. Err.

 

t

 

P>|t|

 

[95% Conf. Interval]

 

-------------+----------------------------------------------------------------

 

white |

 

3986.13

 

828.3894

 

4.81

 

0.000

 

2362.17

 

5610.091

 

noenglish |

 

-12637.21

 

796.1444

 

-15.87

 

0.000

 

-14197.96

 

-11076.46

 

_cons |

 

21146.69

 

754.1042

 

28.04

 

0.000

 

19668.36

 

22625.02

 

------------------------------------------------------------------------------

 

Data from the 2010 Puerto Rico Census (sample of 5,661 individuals) used to generate the output:

 

•

 

inctot

 

i

 

is income of individual i

 

•

 

educ

 

i

 

is the level of schooling for individual i

 

•

 

educ

 

2

 

i

 

is the level of schooling, squared, for individual i

 

•

 

white

 

i

 

is an indicator variable for whether or not individual i is Caucasian

 

1

 

---

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