[Solution Library] Confirm or complete the following findings (show computer outputs in addition to your explanations): Multiple linear regression of log
Question: Confirm or complete the following findings (show computer outputs in addition to your explanations):
Multiple linear regression of log wages against sex, age, years of education, work experience, union membership, southern residence, and occupational status shows that these covariates are related to wages.
Age and work experience are almost perfectly correlated.
What was the overall variance explained by the model?
The effect of age is not significant after controlling for experience.
Deliverable: Word Document 