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1. The following equation was estimated using the data in CEOSAL1: log(salary) = 4.322 + .276 log(sales) + .0215 roe (.324) (.033) n = 209, R² = .282. .00008 roe? (.0129) (.00026) This equation allows roe to have a diminishing effect on log(salary). Is this generality necessary? Explain why o why not.

1. The following equation was estimated using the data in CEOSAL1: log(salary) = 4.322 + .276 log(sales) + .0215 roe (.324) (.033) n = 209, R² = .282. .00008 roe? (.0129) (.00026) This equation allows roe to have a diminishing effect on log(salary). Is this generality necessary? Explain why o why not.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1. The following equation was estimated using the data in CEOSAL1: log(salary) = 4.322 + .276 log(sales) + .0215 roe – 00008 roe? (.00026) (.324) (.033) n = 209, R? = .282. (.0129) This equation allows roe to have a diminishing effect on log(salary). Is this generality necessary? Explain why or why not.
Transcribed Image Text:1. The following equation was estimated using the data in CEOSAL1: log(salary) = 4.322 + .276 log(sales) + .0215 roe – 00008 roe? (.00026) (.324) (.033) n = 209, R? = .282. (.0129) This equation allows roe to have a diminishing effect on log(salary). Is this generality necessary? Explain why or why not.
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