ANSWER ALL QUESTIONS FOR THUMBS UP, ELSE DONT BOTHER. I WILL NOT RATE IF ALL QUE

ID: 3266841 • Letter: A

Question

ANSWER ALL QUESTIONS FOR THUMBS UP, ELSE DONT BOTHER. I WILL NOT RATE IF ALL QUESTIONS ARE NOT ANSWERED

Data set is big, hence I have uploaded it on OneDrive. Please find the file named "injury.xlx". Go to following link:-

https://1drv.ms/x/s!AnCfB5fz9u5Zgfsm5SKOTlmledkPaQ

1. What is the weekly disability benefit in Kentucky and Michigan? Are they different from each other? Explain.

2. Estimate the following model

(1) Duration = Bo + B1 (weekly disability benefit) + u

3. Interpret Bo and B1

4. Interpret the R-squared

5. Do higher weekly disability benefits lead to longer durations of unemployment? Explain.

6. What are the limitation to this model?

7. It is said that you need to control for injury type. Write out a new model of how you would do with model (1) as the base.

8. Estimate your model and include your regression output below.

9. How does B1 and the interpretation of B1 change?

1. they are not differnt from each other.

it's just a variable, on which observations have been collecetd.

duration =0.12280 + 0.06186*weekly disability benefit

3.Interpret Bo and B1

if weekly disability benefit is zero duration is b0=0.12280

if weekly disability benefit increases by 1 duration increases by b1=0.06186

4. rsquared.

the covariate explains 1.2 % of variability

as r squared 0.01193,

only 1st four parts are solved

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