Figure 2: Single Predictor Regression — Minimum Wage and Employment Rate
White Black Asian Hispanic
(Intercept) 59.490 48.816 60.174 59.201
(<0.001) (<0.001) (<0.001) (<0.001)
MinWage 0.140 0.876 0.455 0.542
(0.217) (0.001) (<0.001) (0.021)
Num.Obs. 14 14 14 14
R2 0.124 0.607 0.739 0.372
R2 Adj. 0.051 0.574 0.717 0.320
AIC 45.3 63.2 36.3 63.1
BIC 47.2 65.1 38.2 65.1
Log.Lik. -19.631 -28.586 -15.166 -28.573
RMSE 0.98 1.86 0.71 1.86