Question

You run two further regressions. Present an argument as to which one you should use for further analysis. = – 683.21 + 65.83 × Age – 1.05 × Age2 + 0.005 × Age3– 163.23 Female (120.13) (9.27) (0.22) (0.002) (12.45) R2 = 0.225, SER=259.73 = – 344.88 + 41.48 × Age – 0.45× Age2 – 163.81 Female (51.58) (2.64) (0.03) (12.47) R2 = 0.222, SER=260.22

Answer 1