Assess whether the error terms of the econometric model in Wage=bo+b₁(Q) are normally distributed using the residuals from the sample regression function in wage=166.99+8.3(IQ), based on a histogram of frequency distribution, the skewness and kurtosis values, as well as the Jarque-Bera test statistic.

Assess whether the error terms of the econometric model in Wage=bo+b₁(Q) are normally distributed using the residuals from the sample regression function in wage=166.99+8.3(IQ), based on a histogram of frequency distribution, the skewness and kurtosis values, as well as the Jarque-Bera test statistic.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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