Calculating Regression Coefficients and R-Squared in Stata
School
Fordham University**We aren't endorsed by this school
Course
ECON 2142
Subject
Statistics
Date
Dec 12, 2024
Pages
1
Uploaded by MajorTreeHare38
Name (First Last): ID: d. By hand, using the formulas we learned in class, calculate the regression coefficient (slope) and y- intercept. Use education as the predictor variable. slope y-intercept e. Now use Stata to calculate the least squares regression equation. Make sure that what you get in Stata is the same as what you calculated by hand. f. By hand, calculate the R? (using what you know from part b). Verify that this is the same as what Stata calculated. Interpret the R-squared in a sentence. R?= g. What is the predicted number of children for a person with 23 years of education (a 4 year college degree, plus a 2 year masters degree, plus a 5 year PhD)? h. Does any respondent actually have this number of children? If so, what is his or her level of education? If not, is this a problem or an indication that the regression equation that you calculated is incorrect? Why or why not?
