Consider the data in the following table. Based on these data, estimate the following regressions: Y i
Question:
Based on these data, estimate the following regressions:
Yi = α1 + α2X2i + u1i
Yi = λ1 + λ3X3i + u2i
Yi = β1 + β2X2i + β3X3i + ui
Estimate only the coefficients and not the standard errors.
a. Is α2 = β2? Why or why not?
b. Is λ3 = β3? Why or why not?
What important conclusion do you draw from this exercise?
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The regression results are 1 300 2 350 1 400 2 1357 1 200 2 100 3 1...View the full answer
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