Question: EXERCISE 14. MULTIPLE LINEAR REGRESSION MODEL. MODEL SPECIFICATION. OPEN QUESTION (10 MARKS) We want to estimate a MLRM in which the overall grade of students

EXERCISE 14. MULTIPLE LINEAR REGRESSION MODEL. MODEL SPECIFICATION. OPEN QUESTION (10

EXERCISE 14. MULTIPLE LINEAR REGRESSION MODEL. MODEL SPECIFICATION. OPEN QUESTION (10 MARKS) We want to estimate a MLRM in which the overall grade of students in an introductory econometrics course depends on five explanatory variables. Specify a model that captures the most important factors (variables) motivating your choice. Include at least one dummy variable, and one quadratic/logarithmic term

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