(Answered) Consider the set of hypothetical data in table 1010 suppose

Economics

Consider the set of hypothetical data in Table 10.10. Suppose you want to ?t the model to the data.

Yi = β1 + β2 X2i + β3 X3i + ui

a. Can you estimate the three unknowns? Why or why not?

b. If not, what linear functions of these parameters, the estimable func- tions, can you estimate? Show the necessary calculations.

table 10.10

Y	X2	X3
-10	1	1
-8	2	3
-6	3	5
-4	4	7
-2	5	9
0	6	11
2	7	13
4	8	15
6	9	17
8	10	19
10	11	21

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