Question: QUESTION 1 [25 MARKS] 1 1 Explain why most regression models have a constant term. (4) 12 Write out a population regression model based on

QUESTION 1 [25 MARKS] 1 1 Explain why most regression models have a constant term. (4) 12 Write out a population regression model based on cross-sectional data from population of size N and involving ...

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