q9- For the regression model Y = B₁ + B2X2 + B3X3 + e, the following estimation results are obtained:Regression ResultscoefficientB1B₂B3estimatea. 0.0660O b. 6.6000O c. 4.0000O d. 0.37740.76.64stanadard error0.50.70.8Note that X = Y = 1If X₂ increases by 1 percent, how much percentage of Y is expected to increase ordecrease (X3 being fixed)?

Given regression equation: Y=β1+β2X2+β3X3 .... (1) Elasticity formula: =proportionate change…

For the regression model Y = B₁ + B₂X2 + B3X3 + e, the following estimation results are obtained: Regression Results coefficient B₁ B₂ B3 estimate O a. 0.0660 O b. 6.6000 O c. 4.0000 O d. 0.3774 0.7 6.6 4 stanadard error 0.5 0.7 0.8 Note that X = Y = 1 If X₂ increases by 1 percent, how much percentage of Y is expected to increase ordecrease (X3 being fixed)?

For the regression model Y = B₁ + B₂X2 + B3X3 + e, the following estimation results are obtained: Regression Results coefficient B₁ B₂ B3 estimate O a. 0.0660 O b. 6.6000 O c. 4.0000 O d. 0.3774 0.7 6.6 4 stanadard error 0.5 0.7 0.8 Note that X = Y = 1 If X₂ increases by 1 percent, how much percentage of Y is expected to increase ordecrease (X3 being fixed)?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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