log(wage) — 0.390- 0.337female + 0.084educ + 0.039елрer - 0.0001ехреr (0.007) (0.102) (0.036)* (0.005) (0.0007) п 3 526, SSR — n = 89.06, SST = 148.33

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.