Question: Consider the model Yt = 0 + 1X1t + Yt-1 + t. If X1 is increased by one unit in period t, holding everything else
Consider the model Yt = 0 + 1X1t + Yt-1 + t. If X1 is increased by one unit in period t, holding everything else constant, what is the expected increase in Yt+3 ?
a.
21
b.
c.
31
d.

Consider the model Yt = 30 + 31X1t + VYt-1 + st. If X1 is increased by unit in period t, holding everything else constant, what is the expected increase in Yt+3 ? a. V231 C. V381 d.
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