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# GET FILE=&quot;C:\Users\Admin\Desktop\Spring '12 CourseWork\Quant. Qual. Methods\PS4\Problem 11.70(1).sav&quot;. DATASET NAME DataSet1 WINDOW=FRONT....

From 1970 - 2001 Wage statistics adjusted for inflation, SPSS OUTPUT ATTACHED

After adjusting for inflation, the real value of the minimum wage has actually decreased over the past few years. This is in contrast to the 1970s, in which the real value of the minimum wage generally increased. Find the regression equation for predicting MinWage using the variable year. Test for positive autocorrelation of the error terms using a 5% significance level.
GET FILE="C:\Users\Admin\Desktop\Spring '12 CourseWork\Quant. Qual. Methods\PS4\Problem 11.70(1).sav". DATASET NAME DataSet1 WINDOW=FRONT. REGRESSION /DESCRIPTIVES MEAN STDDEV CORR SIG N /MISSING LISTWISE /STATISTICS COEFF OUTS R ANOVA /CRITERIA=PIN(.05) POUT(.10) /NOORIGIN /DEPENDENT minwage /METHOD=ENTER year /RESIDUALS DURBIN /SAVE RESID. Regression Notes Output Created 04-APR-2012 22:55:11 Comments Input Data C:\Users\Admin\Desktop\Spri ng '12 CourseWork\Quant. Qual. Methods\PS4\Problem 11.70(1).sav Active Dataset DataSet1 Filter <none> Weight <none> Split File <none> N of Rows in Working Data File 32 Missing Value Handling Definition of Missing User-defined missing values are treated as missing. Cases Used Statistics are based on cases with no missing values for any variable used.
Syntax REGRESSION /DESCRIPTIVES MEAN STDDEV CORR SIG N /MISSING LISTWISE /STATISTICS COEFF OUTS R ANOVA /CRITERIA=PIN(.05) POUT(.10) /NOORIGIN /DEPENDENT minwage /METHOD=ENTER year /RESIDUALS DURBIN /SAVE RESID. Resources Processor Time 00:00:00.02 Elapsed Time 00:00:00.02 Memory Required 2400 bytes Additional Memory Required for Residual Plots 0 bytes Notes Variables Created or Modified RES_1 Unstandardized Residual [DataSet1] C:\Users\Admin\Desktop\Spring '12 CourseWork\Quant. Qual. Methods\PS4\Problem 11.70(1).sav Descriptive Statistics Mean Std. Deviation N minwage 5.4859 .53615 32 year 1985.50 9.381 32 Correlations minwage year Pearson Correlation minwage 1.000 -.672 year -.672 1.000 Sig. (1-tailed) minwage . .000
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From 1970 - 2001 Wage statistics adjusted for inflation, SPSS OUTPUT ATTACHED
After adjusting for inflation, the real value of the minimum wage has actually decreased over the past few
years. This...

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