Question: pls answer this w work. Thank you very much! QUESTION 2 We run the following regression, Y - Bo + B, log(X) + $2 T

pls answer this w work. Thank you very much!

pls answer this w work. Thank you very much! QUESTION 2 We

QUESTION 2 We run the following regression, Y - Bo + B, log(X) + $2 T + u and we found @, = 0.71. Suppose that for some value of the variable T, and X = 0.26, the predicted value of the dependent variable is Y = 0.13. Suppose now that X changes to 0.76 (but T does not change). Calculate the new predicted value Y

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!