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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 16
In the demand curve regression model of Equation (12.3), is ln
positively or negatively correlated with the error, u i If ß 1 is estimated by OLS, would you expect the estimated value to be larger or smaller than the true value of 1 Explain.
positively or negatively correlated with the error, u i If ß 1 is estimated by OLS, would you expect the estimated value to be larger or smaller than the true value of 1 Explain.Explanation
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The following is the given equation for ...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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