Running Regression
Posted: Wed Feb 20, 2013 6:48 am
Hi-
This may be a silly question but I am very new to this sofware and to econometrics in general.
I am trying to run a regression for a project to show a relationship between income and commute time. Basically trying to prove there is a premium to income the further one has to commute.
I have US census Bureau data broken down to individual states and have loaded it into eviews in as several separate categories. As an example, I have income less than 10,000 as "inc10" and there are 50 data points in there, one for each state. I have similar series for other brackets of income, for age and for commute time.
Based on this, how do I formulate an equation that takes into consideration age and commute time versus its effects on income? I think what I am lacking is a defined Y variable but can I group my "inc" categories together for that?
Thanks.
This may be a silly question but I am very new to this sofware and to econometrics in general.
I am trying to run a regression for a project to show a relationship between income and commute time. Basically trying to prove there is a premium to income the further one has to commute.
I have US census Bureau data broken down to individual states and have loaded it into eviews in as several separate categories. As an example, I have income less than 10,000 as "inc10" and there are 50 data points in there, one for each state. I have similar series for other brackets of income, for age and for commute time.
Based on this, how do I formulate an equation that takes into consideration age and commute time versus its effects on income? I think what I am lacking is a defined Y variable but can I group my "inc" categories together for that?
Thanks.