Econ103_Lec7 (2012_12_16 01_29_32 UTC)

Di model 1 he modelsel estimates store model1 9 model

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Unformatted text preview: e(N))+2*e(rank)/e(N) ! scalar bic = ln(e(rss)/e(N)) +e(rank)*ln(e(N))/e(N)! di "r-square = "e(r2) " and adjusted r_square " e(r2_a)! scalar list aic bic! end! 8 Model Selec:on 2 of 6 M1: FAMINC = β1 + β2HEDU quietly regress faminc he! di "Model 1 (he) ”! modelsel! estimates store Model1! 9 Model Selec:on 3 of 6 M2: FAMINC = β1 + β2HEDU + β3WEDU quietly regress faminc he we! di "Model 2 (he, we) “! modelsel! estimates store Model2! 10 Model Selec:on 4 of 6 M3: FAMINC = β1 + β2HEDU + β3WEDU + β3KL6 quietly regress faminc he we kl6! di "Model 3 (he, we, kl6) ”! modelsel! estimates store Model3! 11 Model Selec:on 5 of 6 M4: FAMINC = β1 + β2HEDU + β3WEDU + β4KL6 + β5X5 + β6X6 quietly regress faminc he we kl6 xtra_x5 xtra_x6! di "Model 4 (he, we, kl6. x5, x6) “! modelsel! estimates store Model4! 12 Model Selec:on: Compile Results in Table 6 of 6 estimates table Model1 Model2 Model3 Model4, b(%9.3f) stfmt(%9.3f) se stats(N r2 r2_a aic bic)! Model 3 has the lowest AIC and BIC, and the largest adjusted R2. 13 RESET 1 of 5 1.  Test H...
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