Question: QUESTION 7 We run the following regression, log(Y) = BO+B1 X + B 2T+u, and we found ^1 -0.92. Suppose that for some value of

QUESTION 7 We run the following regression,

QUESTION 7 We run the following regression, log(Y) = BO+B1 X + B 2T+u, and we found ^1 -0.92. Suppose that for some value of the variable T, and X = 0.19, the predicted value of the dependent variable is Y ^ = 0.87. Suppose now that X changes to 0.39 (but I does not change). Calculate the new predicted value Y^. QUESTION 8 We run the following regression, log(Y)= BO+B1 log(x) + B2T+u, and we found B^1 = 0.62. Suppose that for some value of the variable T, and X = 0.6, the predicted value of the dependent variable is Y^ = 0.91. Suppose now that Xchanges to 1 (but I does not change). Calculate the new predicted value Y^

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