I have to do research about \"which small businesse creates more total employmen
ID: 1102833 • Letter: I
Question
I have to do research about "which small businesse creates more total employment in 1998" and I have data for small businesses in 1998.. The variables in data set: 1. Total employment 2. Education of the owner 3. Owner experience 4. Age of the firm in years 5. Family owned 6. Hispanic owned 7. Management responsibility 8. Minority owned 9. Owner age 10. Ownership share of principal owner 11. Minority 12. Female ownednow my professor asked me that "Have you made any progress on identifying one or more regression equation to estimate?"
what did he mean and help please to answer that question .. I have to do research about "which small businesse creates more total employment in 1998" and I have data for small businesses in 1998.. The variables in data set: 1. Total employment 2. Education of the owner 3. Owner experience 4. Age of the firm in years 5. Family owned 6. Hispanic owned 7. Management responsibility 8. Minority owned 9. Owner age 10. Ownership share of principal owner 11. Minority 12. Female owned
now my professor asked me that "Have you made any progress on identifying one or more regression equation to estimate?"
what did he mean and help please to answer that question .. The variables in data set: 1. Total employment 2. Education of the owner 3. Owner experience 4. Age of the firm in years 5. Family owned 6. Hispanic owned 7. Management responsibility 8. Minority owned 9. Owner age 10. Ownership share of principal owner 11. Minority 12. Female owned The variables in data set: 1. Total employment 2. Education of the owner 3. Owner experience 4. Age of the firm in years 5. Family owned 6. Hispanic owned 7. Management responsibility 8. Minority owned 9. Owner age 10. Ownership share of principal owner 11. Minority 12. Female owned
now my professor asked me that "Have you made any progress on identifying one or more regression equation to estimate?"
what did he mean and help please to answer that question ..
Explanation / Answer
What is required is specifying regression equation or equations with total employment as the dependent variable and the characteristics of the businesses as the independent variable. In this way, one can estimate the impact of various characteristics of the businesses on the employment generation.
For instance using the variable of ethnicity one can determine whether Hispanic owned small businesses created more employment than non-Hispanic owned businesses. Similarly, one can determine whether female-owned small businesses created more employment than non-female owned businesses.
One can specify more than one regression equation; one taking education and experience as independent variable while the other taking gender and ethnicity as independent variables.