Economics 102 Problem Set _5 S2010

Economics 102 Problem Set _5 S2010 - Economics 102 Problem...

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Economics 102 Problem Set #5 Due Monday, May 17 by 10 p.m. in SmartSite Department of Economics Professor Siegler UC Davis Spring 2010 Instructions: Please turn in a self-contained Word document that includes all of the regression output and explanations. Also, turn in an Excel document with all documentation. 1. Starting Salaries for MBA Graduates There is a data set (mba.xls) available for this problem in SmartSite, which gives data for Masters of Business Administration (MBA) programs of the top 50 business schools (n=50) in the United States for the year 2007, as identified by U.S. News and World Report . The data set includes the following variables: ASP – average starting pay in dollars for 2007 graduates. RANK – the reputation rank of the program as viewed by recruiters (5.0 highest). PEMP – fraction of graduates who are employed by graduation. AT – annual tuition in dollars for 2007. A. Estimate and report the following multiple regression model: ܣܵܲ ൌߙ൅ߚ ܴܣܰܭ ൅ߚ ܲܧܯܲ ൅ߚ ܣܶ ൅݁ Be sure to save the residuals and predicted values of the dependent variable by clicking the “Residuals” box in Excel. You will need these in Part C below.
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Economics 102 Problem Set _5 S2010 - Economics 102 Problem...

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