Question: (d) (2 points) Suppose someone else on the team suggests an alternative pop- ulation regression model of the form In(yi) = yo + 71cli +

(d) (2 points) Suppose someone else on the team suggests an alternative pop- ulation regression model of the form In(yi) = yo + 71cli + 72x2i + ei where 2 denotes person 's age. Find the system of equations and identify the unknowns that are needed to derive the population coefficients. (e) (4 points) Suppose your age data is given below. Observation X 2i 62 2 45 3 18 4 24 5 28 Provide estimates of the regression coefficients for the new model

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