Question: a. Using a statistical package of your choice, confirm the regression results given in Eq. (2.24) and Eq. (2.25). b. For both regressions, get the

a. Using a statistical package of your choice, confirm the regression results given in Eq. (2.24) and Eq. (2.25).
b. For both regressions, get the estimated values of Y (i.e., Ŷi) and compare them with the actual Y values in the sample. Also obtain the residual values, ei. From this can you tell which is a better model, Eq. (2.24) or Eq. (2.25)?
For Information: Refer to Example 2.3, for which the data are as shown in Table 2-6.

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aStraightforward Any minor differences may be solely due to rounding issues bFor model 224 the output is as follows Obs 1980 Actual Fitted 118780 Resi... View full answer

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