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We estimate the following model: lny=1+1x2+2lnx1+u1 and obtain the following parameter estimates 1=0.5,1=1.8, and 1=1.3. Predict y variable (approximately) for an individual with x2=1.8 and

We estimate the following model: lny=1+1x2+2lnx1+u1 and obtain the following parameter estimates 1=0.5,1=1.8, and 1=1.3. Predict y variable (approximately) for an individual with x2=1.8 and x1=1

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