Mathematics, 07.04.2020 16:25 kimarley816
You ran a regression of income (y) on years of education (x). Income is measured in thousands of US$. Because of heteroscedasticity, you transformed your dependent variable. Your regression line is now: predicted ln (income) = 2.4 + 0.06 x education What is the predicted income for a person who has 9 years of education?
A. $12,940
B. $ 18,916
C. $ 29,400
D. $ 2,940
Answers: 2
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You ran a regression of income (y) on years of education (x). Income is measured in thousands of US$...
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