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Consider the Following Regression Model: Log(y) = 0

question 22

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Consider the following regression model: log(y) = Consider the following regression model: log(y) = <sub>0</sub> + <sub>1</sub>x<sub>1</sub> + <sub>2</sub>x<sub>1</sub><sup>2</sup> + <sub>3</sub>x<sub>3</sub> + u. This model will suffer from functional form misspecification if _____. A) <sub>0</sub> is omitted from the model B) u is heteroskedastic C) x<sub>1</sub><sup>2</sup> is omitted from the model D) x<sub>3</sub> is a binary variable 0 + Consider the following regression model: log(y) = <sub>0</sub> + <sub>1</sub>x<sub>1</sub> + <sub>2</sub>x<sub>1</sub><sup>2</sup> + <sub>3</sub>x<sub>3</sub> + u. This model will suffer from functional form misspecification if _____. A) <sub>0</sub> is omitted from the model B) u is heteroskedastic C) x<sub>1</sub><sup>2</sup> is omitted from the model D) x<sub>3</sub> is a binary variable 1x1 + Consider the following regression model: log(y) = <sub>0</sub> + <sub>1</sub>x<sub>1</sub> + <sub>2</sub>x<sub>1</sub><sup>2</sup> + <sub>3</sub>x<sub>3</sub> + u. This model will suffer from functional form misspecification if _____. A) <sub>0</sub> is omitted from the model B) u is heteroskedastic C) x<sub>1</sub><sup>2</sup> is omitted from the model D) x<sub>3</sub> is a binary variable 2x12 + Consider the following regression model: log(y) = <sub>0</sub> + <sub>1</sub>x<sub>1</sub> + <sub>2</sub>x<sub>1</sub><sup>2</sup> + <sub>3</sub>x<sub>3</sub> + u. This model will suffer from functional form misspecification if _____. A) <sub>0</sub> is omitted from the model B) u is heteroskedastic C) x<sub>1</sub><sup>2</sup> is omitted from the model D) x<sub>3</sub> is a binary variable 3x3 + u. This model will suffer from functional form misspecification if _____.

Definitions:

Singles

Singles refers to individuals who are not currently in a marriage or a committed romantic relationship, highlighting their status in social and demographic studies.

Ethnic Group

A category of people who identify with each other based on common language, ancestral, social, cultural, or national experiences.

Live Alone

The state or condition of residing in a living space without the presence of any cohabitants.

Americans

Refers to the inhabitants or citizens of the United States of America.

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