i Suppose that the economic model is wage = Bo+B₁exper+B₂exper² + ε. In the terminology of this class, is this a linear model? ii Suppose that the economic model is wage = 80+ experi Bo In the terminology of this class, is this a linear model? + E.

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i Suppose that the economic model is
wage = Bo+B₁exper+B₂exper² + ε.
In the terminology of this class, is this a linear model?
ii Suppose that the economic model is
wage = 80+ experi
Bo
In the terminology of this class, is this a linear model?
+ E.
Transcribed Image Text:i Suppose that the economic model is wage = Bo+B₁exper+B₂exper² + ε. In the terminology of this class, is this a linear model? ii Suppose that the economic model is wage = 80+ experi Bo In the terminology of this class, is this a linear model? + E.
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