Question: Suppose that the fixed effects model is formulated with an overall constant term and n 1 dummy variables (dropping, say, the last one). Investigate the

Suppose that the fixed effects model is formulated with an overall constant term and n− 1 dummy variables (dropping, say, the last one). Investigate the effect that this supposition has on the set of dummy variable coefficients and on the least squares estimates of the slopes, compared to (11-3).

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