Use the results in parts (a) and (b), along with the Canadian occupational prestige regression (see Section 5.2.2), to predict the prestige score for an occupation with an average income of $12,000,...


Use the results in parts (a) and (b), along with the Canadian occupational prestige regression (see Section 5.2.2), to predict the prestige score for an occupation with an average income of $12,000, an average education of 13 years, and 50% women. Place a 90% confidence interval around the prediction, assuming (i) that you wish to estimate EðY0Þ and (ii) that you wish to forecast an actual Y0 score. (Because σ2 ε is not known, you will need to use S2
E and the t-distribution.)



May 05, 2022
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