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2. Suppose we have the following data to study if a country's per capita income (measured in thousands of dollars) is a function of its
2. Suppose we have the following data to study if a country's per capita income (measured in thousands of dollars) is a function of its R&D spending (measured as a percentage of GDP). (3- _' (1) Calculate beta hats with OLS. (2) Calculate R2 and adjusted R2
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