Question: Explain how you would estimate this model. How would you employ this model to predict the impact of a change in?by 1 unit on a

  1. Explain how you would estimate this model.
  2. How would you employ this model to predict the impact of a change in?by 1 unit on a change in?.
Explain how you would estimate this model. How would you employ this

Consider this DGP: y = f(x) + e, where e~N(0,o ), and you ignore the functional form of the determining function f

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