Which of the following models should be used if we want to estimate the relationship between years of education and income if we expect the relationship to be non-linear. A) Income=$\beta$₀₊B₁Education B) Income =B₀₊B₁²Education C) Income =B₀₊B₁Education + B₁²Education D) Income =B₀₊B₁Education +B₁Education²

Question

Quizplus · Accepted Answer

Option D includes a quadratic term (Education^2), which allows for modeling a non-linear relationship between education and income.

Which of the Following Models Should Be Used If We β\betaβ

Which of the Following Models Should Be Used If We $\beta$