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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 6
Sketch a regression function that is increasing (has a positive slope) and is steep for small values of X but less steep for large values of X. Explain how you would specify a nonlinear regression to model this shape. Can you think of an economic relationship with a shape like this
Explanation
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In economics, a graph that is increasing...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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