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N1 Using weekly national time series data on the log change of gasoline sold and the log change of gasoline price, estimate a regression with
N1
Using weekly national time series data on the log change of gasoline sold and the log change of gasoline price, estimate a regression with one lag of the price variable (the right-hand-side variable). The estimated slope coefficients are -0.4 and -0.2. Write down the regression and interpret its coefficients.
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