For this problem, please use the dataset CPS_85_WAGES.txt (located on Canvas course website). The Current Population Survey (CPS) is used to supplement census information between census years. The data contain 534 observations on 11 variables sampled from the CPS of 1985. It is of interest to determine if relationships exist between wages and the rest of variables. It is up to you to determine the most appropriate model to predict the wages, using the variables provided. Write brief outline that describing the process through which you analyzed these data. Write report to the researchers, summarizing the results of your findings. Keep in mind that the data are real, and that there may be challenges inherent to the dataset which you must address. Be sure to appropriately describe this in your summary.
The dataset can be found here: