Question: Problem? Consider the threevariable linear regression model discussed in this chapter a. Suppose you multiply all the X, values by 2. Whatwill be the effect

Problem? Consider the threevariable linear regression model discussed in this chapter a. Suppose you multiply all the X, values by 2. Whatwill be the effect of this rescaling if any, on the estimatesof the parametersand their standarderrors? b. Now instead of a, suppose you multiply all the Y values by 2 . What will be the effect of this, if any, on the estimated parameters and their standard errors

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