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Suppose we run a regression of earnings on years of schooling, using STATA and the result that we get is:. Earnings are measured in dollars per hour. What does the coefficient '3.27' on the years of schooling imply?

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MCQs on Econometrics, which is the use of statistical methods to develop theories or test existing hypotheses in economics or finance. 
 


Suppose we run a regression of earnings on years of schooling, using STATA and the result that we get is:<br><img src='https://www.fatskills.com/images2/GradExams/A09C2C8B-0506-4F5F-8143-A615FD4A121F.png' height='25' width='151'/>. <br>Earnings are measured in dollars per hour. What does the coefficient '3.27' on the years of schooling imply?





 
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