Suppose that the model of (13-2) is formulated with an overall constant term and n 1
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Suppose that the model of (13-2) is formulated with an overall constant term and n − 1 dummy variables (dropping, say, the last one). Investigate the effect that this supposition has on the set of dummy variable coefficients and on the least squares estimates of the slopes.
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There is no effect on the coefficients of the other variab...View the full answer
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