Business, 28.11.2020 23:00 eto911

1 Use the data in WAGE1.RAW for this exercise. (i) Estimate the equation
wage 5 b0 1 b1educ 1 b2exper 1 b3tenure 1 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 levellevel
model or the log-level model?

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1 Use the data in WAGE1.RAW for this exercise. (i) Estimate the equation
wage 5 b0 1 b1educ 1...

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