Question: Problem 2. Consider the following functional relations between x (independent variable) and y (dependent variable). Greek letters represent parameter constants. Determine which equation can be
Problem 2. Consider the following functional relations between x (independent variable) and y (dependent variable). Greek letters represent parameter constants. Determine which equation can be estimated by ordinary least squares regression. Show work. a) Y = +2(x) b) Y = + *log(x) c) Y = X d) Y = +x/ e) Y = + X3
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