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Statistics

Consider the following nonlinear model with multiplicative errors:

Y = B0 x X1^B1 x X2^B2 x X3^B3 x X4^B4e

B1 + B2 = 1
B3 + B4 = 1

a. Show how you would obtain the coefficient estimates. Coefficients restrictions must be satisfied. Show all your work and describe what you are doing.

b. What is the constant elasticity for Y versus X4? Show all your work.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9102593

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