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Module 4
Estimate a wage equation and test education, experience, and tenure with real t statistics.
Related dataset
WAGE1
Estimated time
25 to 40 min
Packages
pandas, numpy, statsmodels, patsy
Expected output
A regression or inference table with coefficients, uncertainty, and short interpretation notes.
Learning goals
Common errors
Dataset path helper
import pandas as pd
df = pd.read_stata("/data/WAGE1.DTA")
df.head()