Suppose you want to test whether X₂ and X3 can jointly explain Y in the following regression model: Y = Bo + B₁X₁ + B₂X₂ + ß3X3 + u You obtain data for 85 observations and conduct a joint test of significance at 1% level. Your restricted model is given by, OY = Bo + B3X3 + u OY = Bo + B₁X₁ + B3X3 + u OY = Bo + B₁ X₁ + u OY = Bo + u

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Suppose you want to test whether X2 and X3 can jointly explain Y in the following regression
model:
Y = Bo + B1X1 + B,X2 + B3X3 + u
You obtain data for 85 observations and conduct a joint test of significance at 1% level. Your
restricted model is given by,
OY = Bo + B3X3 +u
OY = Bo + B1X1 + B3 X3 + u
OY = Bo + B1X1 + u
OY = Bo + u
Transcribed Image Text:Suppose you want to test whether X2 and X3 can jointly explain Y in the following regression model: Y = Bo + B1X1 + B,X2 + B3X3 + u You obtain data for 85 observations and conduct a joint test of significance at 1% level. Your restricted model is given by, OY = Bo + B3X3 +u OY = Bo + B1X1 + B3 X3 + u OY = Bo + B1X1 + u OY = Bo + u
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