Question 2: Indicate whether each of the following statements is true or false and explain concisely...

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Question 2: Indicate whether each of the following statements is true or false and explain concisely why. 2. In a OLS output ġ=.5+1.2log(x), the slope 1.2 is correctly interpreted as a 1.2 percent increase in x is associated with

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question (2) ŷ = 0.5 + 12 log (7) dy diogx dy 102 lo 2 da x dy 102 = dx * 100 10o x 니. dy da 0.012. Where * 100 dx * 100 20 % siope coefficient the inter foretation of is 0.012 unit increase in y due increase in x. given interpretation is not TRUE To

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