Question: For the Consumption-Income data given in Table 5.1, (a) Test the hypothesis that the Consumption model is linear Box-Cox alternative. (b) Test the hypothesis that

For the Consumption-Income data given in Table 5.1,

(a) Test the hypothesis that the Consumption model is linear Box-Cox alternative.

(b) Test the hypothesis that the Consumption model is log-linear general Box-Cox alternative.

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