Eric and Kennedy are considering the same regression model Yi = Bo + 31X; + uj. Their datasets are identical except that X ; are
Eric and Kennedy are considering the same regression model Yi = Bo + 31X; + uj. Their datasets are identical except that X ; are measured in different units. In Eric's regression, A ; is measured in dollars. His OLS estimates are 0.0 for Bo and 0.17 for /1. In Kennedy's regression, A; is measured in hundreds of dollars. What is Kennedy's OLS estimate for B1 ? Round your answer to the nearest three decimals
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