2. For the quadratic model, where Y = Bo + B1 X1 + B2 X1 2...

Question

Question

2. For the quadratic model, where Y = Bo + B1 X1 + B2 X1 2 + ε, set forth the formula used to calculate the elasticity of Y w

Answer 1

Answer #1

Y = Be + B, X, + B₂ x ² te dx o +8,(1) +28x1 + 0 dex - Bitz Bax, Elasticity of y with respect to x,. dx, ) E = ( 3, + 2Bex, )

Answer 2

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