Consider the following models. a. Will OLS estimates of α 1 and β 1 be the same?
Question:
a. Will OLS estimates of α1 and β1 be the same? Why?
b. Will OLS estimates of α3 and β3 be the same? Why?
c. What is the relationship between α2 and β2?
d. Can you compare the R2 terms of the two models? Why or why not?
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a Rewrite Model B as Y t 1 1 2 X 2t 3 X 3t u t 1 2 X 2t 3 X 3t u t wh...View the full answer
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