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Suppose you are interested in explaining Student Evaluations of Teaching (which are calculated on the following 4-point scale: (0)Poor, (1)Fair, (2)Good,and (3)Excellent)as a function of Average GPA,% Freshmen,% Male,and % Majors.
a)Write out the regression model that you would want to estimate.Explain the dependent variable in detail.
b)Could you estimate the above model by OLS? Are there any potential shortcomings of estimating such a model? If so,what are they? Explain.
c)In reference to your answer in (b),is there an alternative estimator that is more preferred? If so,what is it? Why is it preferred to the model in (b)? Explain.
Relationship Skills
Abilities important for forming, maintaining, and enhancing interpersonal relationships, including communication, empathy, and conflict resolution.
Boardroom
A room where a board of directors meets for its official business and decision-making processes.
Shop Floor
Refers to the production area of a manufacturing facility where goods are actually produced or assembled.
Giving Definition
The act of providing a clear, concise, and specific meaning or explanation of a concept, term, or phenomenon.
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