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1. For the distributed lag model: Y = 0.783+0.525X, +0.384X, +0.201X2 +0.009 X-3 +u,; a. What is the value of the impact multiplier? b.
1. For the distributed lag model: Y = 0.783+0.525X, +0.384X, +0.201X2 +0.009 X-3 +u,; a. What is the value of the impact multiplier? b. What is the value of the long-run multiplier? c. What percentage of the total impact of a unit change in X on Y is felt immediately? d. What percentage of the total impact of a unit change in X on Y is felt by the end of the second year?
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a The impact multiplier refers to the immediate effect of a unit change in X on Y In this case the i...
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Operations management
Authors: Jay Heizer, Barry Render
10th edition
978-0136119418, 136119417, 978-0132163927
