Question: 5. Non-linear inctional forms: a} b) d) g) Estimate a quadratic regression model where the outcome of interest is cigarette consumption and the predictor variable

5. Non-linear inctional forms: a} b) d) g)
5. Non-linear inctional forms: a} b) d) g) Estimate a quadratic regression model where the outcome of interest is cigarette consumption and the predictor variable is the price of a pack of cigarettes. Estimate the effect of an increase in the price of a pack of cigarettes from $4 to $5. Provide a scatterplot that includes the estimated regression equation for the quadratic model. Estimate a linear-log regression model where the outcome of interest is cigarette consumption and the predictor is the price of a pack of cigarettes. Estimate the effect of an increase in the price of a pack of cigarettes from $4 to $5. Provide a scatterplot that includes the estimated regression equation for the linear-log model. Which model provides a better t to the data?I The quadratic or linear-log model? Which model do you think is more appropriate from a theoretical perspective

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