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Use the data in WAGE 1 .RAW for this exercise.
(i) Estimate the equation
wage = (0 + (1educ + (2exper + (3tenure + u.
Save the residuals and plot a histogram.
(ii) Repeat part (i), but with log{wage) as the dependent variable.
(iii) Would you say that Assumption MLR.6 is closer to being satisfied for the level-level model or the log-level model? |
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