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Please help me to finish my homework, time is tight, thank you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Explanation & Answer
Attached.
Running head: RETURN TO EDUCATION
1
Return to Education
Institution affiliation
Student name
Professor
Date
RETURN TO EDUCATION
1
Consider the Return to Education model in Equation 1 using the the data in fertil2. The data set
includes information on number of children, years of education, age, and religious and economic
status variables for women in Botswana during 1988.
(i) Estimate the model
children = b0 + b1 educ + b2 age + b3 age2 + u……… (1)
by OLS, save the regression results to a variable called reg1 and use summary () to display your
results and explain/report your regression results using summary results for slope and intercept
coefficient, t-values, p-values, the Goodness of fit. In particular, holding age fixed, what is the
estimated effect of another year of education on fertility?
## t test of coefficients:
##
##
Estimate
Std. Error
t value
Pr(>|t|)
## (Intercept)
-...
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