Suppose you run two regressions on data that are the same up to units:
1) Regression of wage...
Mathematics, 25.02.2020 00:07 mylittleponeyfbrarit
Suppose you run two regressions on data that are the same up to units:
1) Regression of wage (measured in dollars per hour) on years of education.
2) Regression of wage (measured in cents per hour) on years of education.
What is the relationship between the estimated coefficients in regressions 1) and 2)? Formally justify your answer.
Answers: 1
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