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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