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##### GRETL TASK - Linear Regression

**Description**

solution

**Question**

Question;GRETL TASK - Linear RegressionUsing GRETLQ1.Estimate the linear regression WAGE=?1 +?2 EDUC +eTest the null hypothesis that?2 = 0 against the alternative that?2 > 0 at the 1% significance level.Enter the value of the test statistic in the box (2dp)Enter the critical value in the box (2dp):Enter the p-value of the test statistic (2dp)Would you reject the null hypothesis at 1% significance level for this question above?Q2.What is the expected wage for a person who has 15 years of education? (3dp)What is the 99% prediction interval for a person who 15 years of education?The lower bound (3dp)The upper bound (3dp)Q3Test the null hypothesis that?2 = 2 against the alternative that?2 < 2 at the 5% significance level.Enter the value of the test statistic in the box (3dp)Enter the critical value in the box (3dp)Q4.Using the estimated model in Question 1, construct a 90% confidence interval for?2.In the box below enter the value of the lower limit of the confidence interval (rounded to 4 decimal places).In the box below, enter the value of the upper limit of the confidence interval (rounded to 4 decimal places).

Paper#62206 | Written in 18-Jul-2015

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