MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Suppose that you gather more data and use ordinary least squares (OLS) to estimate the linear regression equation. You obtain the following results.
WAGE= -10.1 +4.2 EDUC₁
According to this model, an additional year of education leads to an increase in salary of $
per hour.
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Transcribed Image Text:Suppose that you gather more data and use ordinary least squares (OLS) to estimate the linear regression equation. You obtain the following results. WAGE= -10.1 +4.2 EDUC₁ According to this model, an additional year of education leads to an increase in salary of $ per hour.
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