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I have shown my working for the question, it this correct to answer the question? (c) Conduct regression analysis to evaluate the same statement as
I have shown my working for the question, it this correct to answer the question?
(c) Conduct regression analysis to evaluate the same statement as in (b). Discuss the dummy variable bias in this context. Are your findings similar to (b) or different? Fully discuss. Based on the estimated model, what are the average log real consumptions in Q1 and Q4?
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