Use the data in Table 11-6 to run a polynomial regression model of exports to Singapore versus

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Use the data in Table 11-6 to run a polynomial regression model of exports to Singapore versus M1 and M1 squared, as well as Price and Price squared, and an interaction term. Also try to add a squared exchange rate variable into the model. Find the best, most parsimonious regression model for the data.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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