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Assignment Final - 2

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22 views3 pages

Assignment Final - 2

Uploaded by

dominickipngeno001
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ECONOMICS 321

Final Assignment Due December 9th 12:00PM


Worth 36 points
The goal of this assignment is to test some of the assumptions of our regression model. You
have developed the skills to run and analyze a regression in excel, now you will get some
practice in testing for violations in homoskedasticity, exogeneity of the independent regressors,
each individual must submit their own assignment written in their own writing (i.e., no copying
other people’s assignments). If you work with someone else, write a note at the top of your
assignment saying who worked together. Answers that are not explained in proper sentences
will only receive part marks. Data attached.
For this exercise you will be using a variation of ECONMATH, which is cross-sectional data
containing information on students' college GPA at the beginning of a semester, high school
GPA, ACT math scores, ACT English scores, and other variables gathered relating to students'
scores and personal information.
Variable description:
age = age in years
work = hours worked per week
study = hours studying per week
econhs = 1 if economics in high school
colgpa = college GPA, beginning semester
hsgpa = high school GPA
acteng = ACT English score
actmth = ACT math score
act = ACT composite
mathscr = math quiz score, 0–10
male = 1 if male
calculus = 1 if taken calculus course
attexc = 1 if past attendance “excellent”
attgood = 1 if past attendance “good”
fathcoll = 1 if father has BA
mothcoll = 1 if mother has BA
score = course score, in percent

1. (3 points) Prepare a table showing the summary statistics of all the quantitative variables in this
sample? What is the number of Observations in the sample?

2. (3 points) What percentage of individuals surveyed are Male? What is the mean of Colgpa by
gender (mean of colgpa for male and mean of colgpa for female). Who do you think is doing
better male or female.
3. (3 points) 1- Use OLS to estimate a model explaining colgpa using hsgpa, actmth, and
acteng as independent variables.
(3 points) 2- Use OLS to estimate a model explaining colgpa using hsgpa, and actmth as
independent variables.
Please copy past your regressions

(3 points) Do we get an indication that our estimates of colgpa without acteng were biased? If so, in
which direction? And why is that? (Compering 1 and 2)

4. (3 points) Check if β1 hat, β2 hat, and β3 hat in regression 1 are all statistically significant at the
5% significance level against the two-sided alternative. Explain.

5. (9 points) Run The regression including the dummies gender and attexcr? Please explain the
coefficients of the dummy variables. When does dummy variable trap happen?
Please copy past your regression

6. (9 points) Perform a Chow test for gender and another Chow test for attexcr. Show your work
and calculations/conclusion corresponding to tests.

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