Consider the following model: Y_t = β₀ + β₁x₁_t + β₂x₂_t + β₃₃x₃_t + γ₄Y_t_-1.Suppose we increase X₁ by one unit in time period t with all other independent variables in the model held fixed.What is the total expected increase in the dependent variable over all current and future time periods?

Question

Quizplus · Accepted Answer

The Answer of Consider the following model: Y_t = β₀ + β₁x₁_t + β₂x₂_t + β₃₃x₃_t + γ₄Y_t_-1.Suppose we increase X₁ by one unit in time period t with all other independent variables in the model held fixed.What is the total expected increase in the dependent variable over all current and future time periods?

Consider the Following Model: Yt = β0 + β1x1t

Consider the Following Model: Y_t = β₀ + β₁x₁_t