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Assume That There Is a Change in the Units of Measurement

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Essay

Assume that there is a change in the units of measurement on X.The new variables X* = bX.Prove that this change in the units of measurement on the explanatory variable has no effect on the intercept in the resulting regression.


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Unlimited Liability

A legal situation in which the owners of a business are personally responsible for all the debts and liabilities of the business.

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