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The following Table gives data on output per hour (X) and real compensation per hour (Y) for the business and nonfarm business sectors of the
The following Table gives data on output per hour (X) and real compensation per hour (Y) for the business and nonfarm business sectors of the U.S. economy. Year 1990 Y= 1 X = 10 1991 Y =3 X= 15 1992 Y= 4 X= 20 Estimate the slope of the OLS regression of Y on X (2) from the following regression: Yi = + 2 Xi + Ui
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