Question: Why is the use of polynomial functional forms typical in trying to estimate non - linear functional forms? Multiple Choice They yield more efficient estimates

Why is the use of polynomial functional forms typical in trying to estimate non-linear functional forms?
Multiple Choice
They yield more efficient estimates than other non-linear functional forms.
They offer a high degree of flexibility.
They provide coefficients that have elasticities as interpretations.
They have standard errors that are easier to interpret.

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