{"id":17247,"date":"2023-04-12T23:29:36","date_gmt":"2023-04-12T21:29:36","guid":{"rendered":"https:\/\/www.graviton.at\/letterswaplibrary\/wooldridge-nbasal-dataset-analysis-issues\/"},"modified":"2023-04-12T23:29:36","modified_gmt":"2023-04-12T21:29:36","slug":"wooldridge-nbasal-dataset-analysis-issues","status":"publish","type":"post","link":"https:\/\/www.graviton.at\/letterswaplibrary\/wooldridge-nbasal-dataset-analysis-issues\/","title":{"rendered":"Wooldridge &#8220;nbasal&#8221; Dataset Analysis Issues"},"content":{"rendered":"<p><!-- SC_OFF --><\/p>\n<div class=\"md\">\n<p>Im trying to analyze the &#8220;nbasal&#8221; dataset based on position.<\/p>\n<p><strong>when I run this line:<\/strong> <\/p>\n<p>model1 = lm(wage ~ exper, data = center_players) # regression on center players<\/p>\n<p>summary(model1) <\/p>\n<p><strong>The output is this<\/strong><\/p>\n<p>Coefficients:<\/p>\n<p>Estimate Std. Error t value Pr(&gt;|t|) <\/p>\n<p>(Intercept) 1184.64 355.26 3.335 0.00174 **<\/p>\n<p>exper 80.21 51.22 1.566 0.12450 <\/p>\n<p>\u200b<\/p>\n<p><strong>when I run this:<\/strong> <\/p>\n<p>model2 = lm(wage ~ exper + points, data = center_players) <\/p>\n<p>summary(model2) <\/p>\n<p><strong>the output is this:<\/strong> <\/p>\n<p>Coefficients:<\/p>\n<p>Estimate Std. Error t value Pr(&gt;|t|) <\/p>\n<p>(Intercept) -33.43 244.90 -0.136 0.8921 <\/p>\n<p>exper 71.13 29.86 2.382 0.0217 * <\/p>\n<p>points 149.05 16.02 9.306 7.3e-12 ***<\/p>\n<p>\u200b<\/p>\n<p>I don&#8217;t understand how each point increases salary by 149.05 and the intercept become -33. can someone explain this to me.<\/p>\n<\/div>\n<p><!-- SC_ON -->   submitted by   <a href=\"https:\/\/www.reddit.com\/user\/Expensive-Still7318\"> \/u\/Expensive-Still7318 <\/a> <br \/> <span><a href=\"https:\/\/www.reddit.com\/r\/datasets\/comments\/12jyyjb\/wooldridge_nbasal_dataset_analysis_issues\/\">[link]<\/a><\/span>   <span><a href=\"https:\/\/www.reddit.com\/r\/datasets\/comments\/12jyyjb\/wooldridge_nbasal_dataset_analysis_issues\/\">[comments]<\/a><\/span><\/p><div class='watch-action'><div class='watch-position align-right'><div class='action-like'><a class='lbg-style1 like-17247 jlk' href='javascript:void(0)' data-task='like' data-post_id='17247' data-nonce='65e0e39b87' rel='nofollow'><img class='wti-pixel' src='https:\/\/www.graviton.at\/letterswaplibrary\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Like' \/><span class='lc-17247 lc'>0<\/span><\/a><\/div><\/div> <div class='status-17247 status align-right'><\/div><\/div><div class='wti-clear'><\/div>","protected":false},"excerpt":{"rendered":"<p>Im trying to analyze the &#8220;nbasal&#8221; dataset based on position. when I run this line: model1 =&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-17247","post","type-post","status-publish","format-standard","hentry","category-datatards","wpcat-85-id"],"_links":{"self":[{"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/posts\/17247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/comments?post=17247"}],"version-history":[{"count":0,"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/posts\/17247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/media?parent=17247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/categories?post=17247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.graviton.at\/letterswaplibrary\/wp-json\/wp\/v2\/tags?post=17247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}