Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack Here is the transcribed data table:| source | purchase | rating | payment | device | media | social | traditional | aggregator | substack ||---------|----------|--------|---------|--------|-------|--------|-------------|------------|----------|| home | 197 | 1 | other | mobile | 2 | 0 | 0 | 1 | 0 || landing | 141 | 1 | credit | other | 2 | 0 | 1 | 0 | 0 || landing | 892 | 4 | other | mobile | 1 | 0 | 1 | 0 | 0 || home | 535 | 3 | other | mobile | 4 | 0 | 0 | 1 | 1 || landing | 125 | 1 | credit | other | 2 | 0 | 1 | 0 | 0 || landing | 365 | 3 | credit | other | 3 | 0 | 1 | 0 | 0 || home | 306 | 2 | other | other | 4 | 0 | 0 | 1 | 1 || landing | 138 | 1 | other | mobile | 3 | 0 | 1 | 0 | 0 || landing | 402 | 2 | other | mobile | 3 | 0 | 1 | 0 | 0 || home | 560 | 2 | credit | mobile | 3 | 0 | 0 | 1 | 0 || home | 195 | 0 | other | mobile | 2 | 0 | 1 | 0 | 0 || home | 197 | 1 | other | other | 2 | 0 | 0 | 1 | 0 || home |

The regression equation is of the form: purchase = β0 + β1 traditional + β2 aggregator + β3 substack…

Answered: Estimate the following model: purchase…

Business

Economics

Estimate the following model: purchase = β0 + β1traditional + β2aggregator + β3substack

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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