OLS output: wages (Rs thousand) = -3.36 + 0.64 S + 0.15 CA with standard errors (1.98)(0.12)(0.05). ESS = 4745.75 (df 2), RSS = 33651.28 (df 567). Which statements are true?
(A) A one-year increase in schooling raises wage by Rs. 640 on average, CA constant.
(B) The t statistic of CA is 3.
(C) F = (4745.75/2) / (33651.28/567).
(D) F = (33651.28/567) / (4745.75/2).
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Linear regression and OLS has come up 74 times in 7 exams since 2008.
This question is on t-tests, F-tests and testing restrictions, part of Linear regression and OLS in Econometrics.
Testing a single coefficient, several coefficients, or a linear restriction.
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