How do you interpret coefficients if the dependent variable is a dummy variable? (e.g. what would...

How do you interpret coefficients if the dependent variable is a dummy variable? (e.g. what would the coefficients for "income," "years of education," or "height" mean if the dependent variable was the dummy variable, "Famous?"?

2. Suppose you applied a scalar to a variable. Then you used both the original variable and the scaled variable as explanatory variables. What would happen and why?

Expert Solution

orchestra answered 2 years ago

What is dummy variables means? And what do you understand from dummy trap?

How do you Interpret the meaning of the different coefficients (b0, b1, b2, b3,b4,…bn) in a...

How do you Interpret the meaning of the different coefficients (b0, b1, b2, b3,b4,…bn) in a multiple regression? (slightly different from the interpretation in simple regression)

Question 1 What is dummy variables means? And what do you understand from dummy trap?...

Question 1 What is dummy variables means? And what do you understand from dummy trap? Question 2 In his study on the labor hours spent by the FDIC (Federal deposit insurance Corporation) on 91 bank examinations, R.J. Miller estimated the following function. lnY=2.41+0.3674lnX1+0.2217lnx2+0.0803lnx3-0.1755D1+0.2799D2+0.5634D3-0.2572D4 (0.55) (0.0477) (0.0628) (0.0287) (0.2905) (0.1044) (0.1657) (0.0787) R2=0.766 Where Y= FDIC examiner labor hours X1= Total assets of bank, x2 total number of offices in bank, x3 ratio of classified loans to...

How do you interpret a regression coefficient, which has log differences as both independent and dependent...

How do you interpret a regression coefficient, which has log differences as both independent and dependent variable. For example, log(y_t+1)-log(y_t) = alpha+beta{log(x_t+1)-log(x_t)}+...... Is it “1 percent increase in the growth rate of x affects the growth rate of y by beta percent.”?

how to interpret log-linear coefficient? Follow is the independent variables and their coefficient Dependent variable: EXPORT...

how to interpret log-linear coefficient? Follow is the independent variables and their coefficient Dependent variable: EXPORT Constant= 11.96 Adoption rate=0.03 approval process=5.12 risk assessment=-3.6 labeling = -2.03 international agreement= 0.44

How do you interpret the unstandardized regression coefficient for a predictor variable? If the regression coefficient...

How do you interpret the unstandardized regression coefficient for a predictor variable? If the regression coefficient for a predictor variable is .52, what does that mean? If the regression coefficient for a predictor variable is -.47, what does that mean?

How do I explain the following regression result in terms of the coefficients of each dependent...

How do I explain the following regression result in terms of the coefficients of each dependent variable on the independent variable which is revenue SUMMARY OUTPUT Regression Statistics Multiple R 0.997839 R Square 0.995683 Adjusted R Square 0.990286 Standard Error 753750.6 Observations 10 ANOVA df SS MS F Significance F Regression 5 5.241E+14 1.048E+14 184.4968493 8.11978E-05 Residual 4 2.27256E+12 5.681E+11 Total 9 5.26373E+14 Coefficients Standard Error t Stat P-value Lower 95% Intercept 1866377 824571.4499 2.2634507 0.086350341 -423000.5781 SQFT (x1) 186.4999...

Explain in full how you will use a dummy variable regression to test for a structural...

Explain in full how you will use a dummy variable regression to test for a structural break. Also discuss the advantages of using a dummy variable regression over the Chow test when testing for structural break in data.

How do you interpret a t value? When would it be appropriate to use a t...

How do you interpret a t value? When would it be appropriate to use a t test of dependent samples? Please provide an example.

In this problem, you will create and use a dummy variable and the regression procedure to...

In this problem, you will create and use a dummy variable and the regression procedure to test the hypothesis of independence of two variables. The data in tab 17 (Waiting time) in DS6 represent the time spent waiting in the ER prior to being seen for two groups of patients. One group of patients had true emergencies; the second group had conditions requiring urgent medical attention. Using these data, do the following: 1. Rearrange the data so they can be...

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