Hi there, I am currently trying to describe the relationship between wage and education using the regression equation:
ππππ = π½0 + π½1 πΈππ’πππ‘πππ + π½2 πΈππ’πππ‘ππ^2 + π’π
Wage represents the wages of an individual, and education is the years of education.
I need to find the predicted wage of 12 years of schooling, as well as 16 years of schooling. I also need to find the marginal effect of the education^2 variable. How would I do this? Thank you.
0 Response to How would I predict a wage from a quadratic regression?
Post a Comment