Mathematics
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.

answer
Answers: 1

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Do you know the correct answer?
Suppose you run two regressions on data that are the same up to units:
1) Regression of wage...

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