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1) Estimate the simple regression equation colGPA=0 +1PC+u and report your estimates for 0 and 1. Interpret these estimates, including a discussion of the magnitudes.
1) Estimate the simple regression equation
colGPA=0 +1PC+u
and report your estimates for 0 and 1. Interpret these estimates, including a discussion of the magnitudes.
2) What is the R-squared from the regression? What do you make of its magnitude?
3) Does your finding in part (Q1) imply that owning a PC has a causal effect on colGPA? Explain.
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