Question: R code needed, data is not important. how do you use logs in regress line. Computer Exercises Note: For this problem, please neatly write/type your
R code needed, data is not important. how do you use logs in regress line. Computer Exercises Note: For this problem, please neatly write/type your responses on a separate sheet of paper and additionally turn in the R script file you used to answer this question. Routput alone is not sufficient to answer this question. 3. (13)This homework will use the dataset "profit ad.dta," which is available on canvas These data contain information on the income and advertising of 57 firms during the 1960s. The definition of each variable is available at the end of this assignment. Dataset "Profit Rates and Market Structure for High-Level Advertising Firms" retrieved from http: //www.stat.ufl.edu/-winner/datasets.html. 1 (a) (2) You want to model the firm's Income-to-Equity ratio (PE) as a function of the firm's advertising-to-sales ratio (CAS) and other things. To begin, estimate the regression model given by log(PE:) =B1 + Balog(CAS:) + B3DCR + Be + ti and report your estimates in a regression table
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