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1. Suppose you are given the following simple dataset: Regress Y on X and you get: Y a bx 1) Which variable is the independent

1. Suppose you are given the following simple dataset: Regress Y on X and you get: Y a bx 1) Which variable is the independent variable? Which one is the dependent variable? (5pts) 2) Manually calculated and b using the formulas below. Must show your work. (15pts) ( X, X) ( Y, Y ) ( X X) a Y bX

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