Consider the following regression model and corresponding output for a dataset with n = 104 observations:y=ß₁+ß2x2+ß³¸*¸+434x4+uVariable β Std. ErrortP>|t|X2-0.012 0.006-2.289 0.022X30.596 0.01441.139 0.000X40.52 1.06Constant 8.860 1.7665.017 0.000What is the marginal effect of x4 on y? (approximate at least to 3 decimal places)

Here we have to calculate the marginal effect of x4 on y.Regression in Economics: Regression…

Consider the following regression model and corresponding output for a dataset with n = 104 observations: y=ß₁+b2x2+3x+4x+u Variable β Std. Error t P>|t| X2 X3 X4 -0.012 0.006 -2.289 0.022 0.596 0.014 41.139 0.000 0.52 1.06 Constant 8.860 1.766 What is the marginal effect of x4 on y? (approximate at least to 3 decimal places) 5.017 0.000

Consider the following regression model and corresponding output for a dataset with n = 104 observations: y=ß₁+b2x2+3x+4x+u Variable β Std. Error t P>|t| X2 X3 X4 -0.012 0.006 -2.289 0.022 0.596 0.014 41.139 0.000 0.52 1.06 Constant 8.860 1.766 What is the marginal effect of x4 on y? (approximate at least to 3 decimal places) 5.017 0.000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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