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Question 8 {10 points) Suppose you regress X; on X3 and obtain a R-square yalue of 0.9983. Would you be concerned about the regression estimates

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Question 8 {10 points) Suppose you regress X; on X3 and obtain a R-square yalue of 0.9983. Would you be concerned about the regression estimates of Model '1? Why? Argue with reason if the estimates of X2. X3, X4 can be attributed to violation of any assumption of the Classical Linear Regression Model and name it. What can you do to improve the estimates

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