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8.1 Sketch a regression function that is increasing (has a positive slope) and is steep for small values of X but less steep for large

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8.1 Sketch a regression function that is increasing (has a positive slope) and is steep for small values of X but less steep for large values of X. Explain how you would specify a nonlinear regression to model this shape. Can you think of an economic relationship with a shape like this

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