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Suppose the relationship between temperature and demand for electricity is non-linear, due to the high demand for electricity when it is both very cold and
Suppose the relationship between temperature and demand for electricity is non-linear, due to the high demand for electricity when it is both very cold and very hot outside. What is the risk of estimating the effect of price on demand for electricity by the regression equation: Electricity Consumptiont = 0 + 1Pricet + 2Temperaturet + Ut
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