Question: . Why was Irving not satisfied with Smith's initial analysis using log linear regression? How did Smith address the weakness in her initial analysis? (5

. Why was Irving not satisfied with Smith's initial analysis using log linear regression? How did Smith

address the weakness in her initial analysis? (5 Marks)

2. What insights would you provide to Irving, based on smith's revised analysis using quantiles

regression? (5 Marks)

3. What investment strategy would you recommend to Irving

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