Suppose you estimate the following regression equation: Y = 14 - 3X1 + 6X2. You are willing to assume that you have a random sample
Suppose you estimate the following regression equation: Y = 14 - 3X1 + 6X2. You are willing to assume that you have a random sample and the sample size is at least 90. Given these assumptions and these estimates, would you predict that Y will decrease by 3 when X, is exogenously increased by 1? Why or why not? (LO1)
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