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st: regression explanation
hi there,
i am new to stata and the statalist and i am hoping to get an answer on
this.
Given the below regression, how can I interpret the relationship with educ (
years of education) and wage (average hourly earning)? wage is the dependent
variable.
wage | Coef. Std. Err. t P>|t| [95% Conf. Interval]
-------------+----------------------------------------------------------------
educ | .3498179 .0578807 6.04 0.000 .2361024
.4635334
exper | .1606065 .0377335 4.26 0.000 .0864732
.2347398
"Holding other variables fixed, ceteris paribus, another year on education
is associated with 0.3498 of average hourly earnings"
i am not very sure about the 0.35 of average hourly earnings, if there is a
better way to explain the 0.3498! thank you very much.
Thank you very much, please let me know if i am doing this wrongly!
Regards
Michelle
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