Consider the linear regression In(y) = ₁ + 3₂ ln(x2) + 33 ln(x3) + e. The restriction that 3₂ = 33/3 is imposed. It is found that the restricted least-squares estimate b for 32 is 0.5. What is the value of the restricted least-squares estimate b for 33 ? Select one: O a. 0 O b. -0.5 O c. 1 O d. 1.5

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Consider the linear regression
In(y) = B₁ + B₂ ln(x2) + ß3 ln(x3) + e.
The restriction that 3₂ = 33/3 is imposed. It is found that the restricted least-squares estimate b for 32 is 0.5.
What is the value of the restricted least-squares estimate b for 33 ?
Select one:
a. 0
O b. -0.5
O c. 1
O d. 1.5
Transcribed Image Text:Consider the linear regression In(y) = B₁ + B₂ ln(x2) + ß3 ln(x3) + e. The restriction that 3₂ = 33/3 is imposed. It is found that the restricted least-squares estimate b for 32 is 0.5. What is the value of the restricted least-squares estimate b for 33 ? Select one: a. 0 O b. -0.5 O c. 1 O d. 1.5
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