Say you are creating a standard salary model to evaluate...

Name: say you are creating a standard salary model to evaluate gender discrimination what is the one essential variable to include in the model and what are two additional variables to include ple 78696
Uploaded: 2023-06-16T00:20:11-08:00
Duration: 1 min 53 s
Channel: Adi S
Description: say you are creating a standard salary model to evaluate gender discrimination what is the one essential variable to include in the model and what are two additional variables to include ple 78696

Say you are creating a standard salary model to evaluate gender discrimination. What is the one essential variable to include in the model, and what are two additional variables to include? Please give a one sentence explanation for each of the chosen variables on why you are including them.

Employment Discrimination: Data are available for a random sample of 93 employees from Harris Bank Chicago. Data available include gross monthly salary (in dollars) (SALARY), employee's education level (in years) (EDUC), previous work experience in the banking industry (in months) (EXPER), seniority* (in months) (MONTHS), which is the number of months after January 1, 1969, that the individual was hired, and employee gender (MALES coded 1 for male, 0 for female). We are especially concerned with whether there is evidence of gender discrimination with respect to salary at the bank. However, it is important to control for other factors that impact salary such as education level, experience level, and seniority within the company. Therefore, build a regression model to predict gross monthly salary on all four explanatory variables. Use the results to answer the following questions.

Adi S.

Question

Say you are creating a standard salary model to evaluate gender discrimination. What is the one essential variable to include in the model, and what are two additional variables to include? Please give a one sentence explanation for each of the chosen variables on why you are including them.

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