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Consider the multiple linear regression of Yi=B0+B1Xi+ui A-What is the direction of causation in this regression? B-Explain about the components (i.e. Yi& Xi& ui )
Consider the multiple linear regression ofYi=B0+B1Xi+ui
A-What is the direction of causation in this regression?
B-Explain about the components (i.e. Yi&Xi& ui) of this regression equation.
C-What method would you use to estimate the coefficients of this regression model?
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