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Assume the following data-generating process: Yigt=+2 Group 2g+3 Group 3g+4 Group 4g +2 Period 2t+3 Period 3t+4 Period 4t+5 Period 5t+Xgt+Uigt a. Interpret 3. b.
Assume the following data-generating process: Yigt=+2 Group 2g+3 Group 3g+4 Group 4g +2 Period 2t+3 Period 3t+4 Period 4t+5 Period 5t+Xgt+Uigt a. Interpret 3. b. Interpret V4. c. Interpret . d. Consider the following combinations of parameters from the above data-generating process. Which combination is the effect of moving from Group 2 to Group 4 , holding all other factors constant? A. V33 B. 42 C. r2r4 D. 4
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