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Econometrics - Linearizing an Equation

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Demand 4,5,3
Price 1,2,2
Income 3,5,3

You suspect that demand is given by

y=exp(b1x1+b2x2)
Transform this equation to linear form

a. Estimate b1 and b2
b. Find r^2

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Solution Summary

Linearizing the demand function - Regression and ANOVA table

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demand 4,5,3
price 1,2,2
income 3,5,3

you suspect that demand is given by

y=exp(b1x1+b2x2)
transform this ...

Purchase this Solution
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