log (price) = 9.40 +0.312log (dist) n = 135, R = 0.162 x Interpret the coefficient on

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log (price) = 9.40 +0.312log (dist) n = 135, R = 0.162 x Interpret the coefficient on log(dist). Is the sign of this estimate what you expect it to /be? Interpret the coefficient of determination. (5 Points) Do you think simple regression provides an unbiased estimator of the ceteris paribus elasticity of price with respect to dist? (5 Points) on the annual percentage change in real GDP

Posted Date: May 18, 2024 11:02 AM

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log (price) = 9.40 +0.312log (dist) n = 135, R = 0.162 x Interpret the coefficient on

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