ECMETS assignment 2 Fall 2007

ECMETS assignment 2 Fall 2007 - 1. In 1993 Eurelian...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
In 1993 Eurelian Outlook, a magazine aimed at a bourgeois clientele, took a random sample of 18 of its readers. Data are listed below. Variables: income = reader’s income in 1000s of Eurelian dollars age = reader’s age in years work = number of years the reader has worked gender = 1 if the reader is female, 0 if the reader is male univ = 1 if the reader has university education, 0 if not income age work gender univ 28 25 2 1 1 26 27 5 0 0 31 27 6 1 1 28 29 4 1 0 45 31 5 0 1 35 33 8 0 0 49 33 10 0 1 44 33 6 1 0 45 37 15 0 1 42 41 18 1 0 63 44 18 1 1 58 44 19 0 0 72 47 20 1 1 85 47 25 1 0 63 53 31 0 1 60 54 29 0 0 55 56 26 1 1 54 58 32 1 0 a) On EXCEL or some other statistics software find the multiple- regression equation when ‘income’ is regressed on the four predictor variables listed above. Remove the predictor variable with the ‘worst’ t-test p-value and perform the new regression. For the new regression find the VIFs, and use them to form some conclusion. b)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/20/2008 for the course ECON 337 taught by Professor Mackenzie during the Fall '08 term at McGill.

Page1 / 2

ECMETS assignment 2 Fall 2007 - 1. In 1993 Eurelian...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online