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Kamdjou, Herve D. Teguim – Open Education Studies, 2023
This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…
Descriptors: Outcomes of Education, Artificial Intelligence, Human Capital, Regression (Statistics)
Brinkman, Paul T.; Niwa, Shelley – 1983
Recent developments in econometrics that are relevant to the task of estimating costs in higher education are reviewed. The relative effectiveness of alternative statistical procedures for estimating costs are also tested. Statistical cost estimation involves three basic parts: a model, a data set, and an estimation procedure. Actual data are used…
Descriptors: Algorithms, College Students, Cost Estimates, Full Time Students