1) Based on the data given, estimate the following regressions: Y=a,+a₂X₂ +u₁ Y=X₁ + X₂X₁+U₂₁ Y=B₁+B₂X₂ +B₂X+u Note: Estimate only the coefficients and not the standard errors. a) Is a = B₂ Why or why not? b) Is A, B, Why or why not? = Y X₂ X3 1 1 2 3 2 1 8 3-3

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Based on the data given, estimate the following regressions:
1) Based on the data given, estimate the following
regressions:
Y=a₁ + a₂x+u
21
Y=X₁ + X₂X₂+U₂₁
Y=B₁+B₂X₂+BX+U
Note: Estimate only the coefficients and not the standard errors.
a) Is a =
= B₂ Why or why not?
b) Is A
11
= B₂ Why or why not?
Y
1
3
8
X2 X3
No
2
1
2
1
3 -3
Transcribed Image Text:1) Based on the data given, estimate the following regressions: Y=a₁ + a₂x+u 21 Y=X₁ + X₂X₂+U₂₁ Y=B₁+B₂X₂+BX+U Note: Estimate only the coefficients and not the standard errors. a) Is a = = B₂ Why or why not? b) Is A 11 = B₂ Why or why not? Y 1 3 8 X2 X3 No 2 1 2 1 3 -3
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