-ksConsider following regressions:Y = a₁ + a₂X + UY*=b₁ + b₂X + VWhere: Y* = mY, X*=nX102Show that: b₂ = ₂ ×n100

Y = a1 + a2 X + U_____________[1] After scaling, regression: Y* = b1 + b2 X* + V mY = b1 + b2 (nX) +…

Answered: Consider following regressions: Y = a₁…

Business

Economics

Consider following regressions: Y = a₁ + a₂X+U Y* =b₁ + b₂X* + V Where: Y = mY, X* =nX D Show that: b₂ = ₂ x O 2

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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Question

-ks
Consider following regressions:
Y = a₁ + a₂X + U
Y*=b₁ + b₂X + V
Where: Y* = mY, X*=nX
102
Show that: b₂ = ₂ ×
n
100

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