Question: Using data in the file beer.dat, apply RESET to the two alternative models lnQ b1 b2 lnPB b3 lnPL b4 lnPR
Using data in the file beer.dat, apply RESET to the two alternative models lnðQÞ ¼ b1 þ b2 lnðPBÞ þ b3 lnðPLÞ þ b4 lnðPRÞ þ b5 lnðIÞ þ e Q ¼ b1 þ b2PB þ b3PL þ b4PR þ b5I þ e Which model seems to better reflect the demand for beer?
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