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Econometrics, Regression Analysis, stats hardcore.

E[ln(SALARY)] = β₁ + β₂YEARS + β₃GAMESYR + β₄BAVG + β₅HRUNSYR + β₆RBISYR

SALARY annual salary

YEARS years in the league

GAMESYR average games played per year

BAVG career batting average

HRUNSYR home runs per year

RBISYR runs batted in per year

The model predicts that for each additional game per year salary increases by:

1.265 percent

1.265 thousand dollars

1.645 percent

1.645 thousand dollars

2.138 thousand dollars

Given the following values for the control variables,

YEARS 6

GAMESYR 90

BAVG 260

HRUNSYR 5

RBISYR 35

the predicted salary is $ _____________.

736,519.50

729,227.23

722,007.16

714,858.57

707,780.77

The estimated variance of the error term is __________.

0.3705

0.4359

0.5128

0.5897

0.6958

The corrected predicted salary in question 2 is $_______.

951,767.84

942,344.40

933,014.25

923,776.49

914,630.19

Skills: Academic Writing, Econometrics, SPSS Statistics, Statistical Analysis, Technical Writing

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