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In the following regression model where and are, respectively, the sales, advertisement expenditure and number of workers of a company. Suppose we have the following
In the following regression model where and are, respectively, the sales, advertisement expenditure and number of workers of a company. Suppose we have the following variable indicating the area where the company is located: . Suppose we would like to study whether the marginal effect of the advertisement expenditure on sales of a company depend on where the company is located. How many slope dummy variables do we need to add in the above regression model
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