Suppose that the model of (13-2) is formulated with an overall constant term and n 1

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Suppose that the model of (13-2) is formulated with an overall constant term and n − 1 dummy variables (dropping, say, the last one). Investigate the effect that this supposition has on the set of dummy variable coefficients and on the least squares estimates of the slopes.

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Econometric Analysis

ISBN: 978-0130661890

5th Edition

Authors: William H. Greene

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