EXERCISE 14. MULTIPLE LINEAR REGRESSION MODEL. MODEL SPECIFICATION. OPEN QUESTION (10 MARKS) We want to estimate a MLRM in which the overall grade of students
EXERCISE 14. MULTIPLE LINEAR REGRESSION MODEL. MODEL SPECIFICATION. OPEN QUESTION (10 MARKS) We want to estimate a MLRM in which the overall grade of students in an introductory econometrics course depends on five explanatory variables. Specify a model that captures the most important factors (variables) motivating your choice. Include at least one dummy variable, and one quadratic/logarithmic term
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