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Q10. Between equations (3) and (4), which model do you prefer ? Explain. [2] [Hint: the included observations in regression 4 are far lesser than

Q10. Between equations (3) and (4), which model do you prefer? Explain. [2]

[Hint: the included observations in regression 4 are far lesser than the sample in regression 3]

Q11. Interpret the coefficient of log(inc) . [2]

Q12. Interpret the coefficient of marr . [2]

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Use the following information to answer Q10-Q12. The researcher estimated a loglog regression and the output is reported below: log( nettf fa)=b0+b1log( inc )+b2age+b3 marr +b4 male +e Dependent Variable: LNEIIFA Method: Least Squares Date: 08/23/22 Time: 19:04 Sample: 19275 Included observations: 6029

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