Perform a test of the explanatory power of the equation, Econometrics

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Perform a test of the explanatory power of the equation

Problem

Using your EAEF data set, fit an educational attainment function, regressing S on ASVABC, SM, and SF. Calculate the F statistic using R2 and perform a test of the explanatory power of the equation as a whole.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: Perform a test of the explanatory power of the equation

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