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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 15
You have estimated a linear regression model relating Y to X. Your professor says, "I think that the relationship between Y and X is nonlinear." Explain how you would test the adequacy of your linear regression.
Explanation
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The equation (8.30) is:
Now, suppose r...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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