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Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 3
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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Introduction to Econometrics 3rd Edition by James Stock, James Stock
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