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Using the following model and corresponding parameter estimates, predict the (approximate) value of y variable when x=1.6 : Iny=1+2x+u. The parameter estimates are 1=0.5 and

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Using the following model and corresponding parameter estimates, predict the (approximate) value of y variable when x=1.6 : Iny=1+2x+u. The parameter estimates are 1=0.5 and 2=1.8

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