What is the predicted demand in Los Angeles when the mortgage rate is 8% An econometrician is
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An econometrician is interested in evaluating the relationship of demand for building materials to mortgage rates in Los Angeles and San Francisco. He believes that the appropriate model is Y= 10 + 5X₁ + 8X₂ where X₁ = mortgage rate in % X₂= 1 if SF, 0 if LA Y= demand in $100 per capita An econometrician is interested in evaluating the relationship of demand for building materials to mortgage rates in Los Angeles and San Francisco. He believes that the appropriate model is Y= 10 + 5X₁ + 8X₂ where X₁ = mortgage rate in % X₂= 1 if SF, 0 if LA Y= demand in $100 per capita
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