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Consider the following regression model:

1/yi = b1+b2(1/xi)+ui   
 
(a) Is this a linear regression model?
(b) How would you estimate this model?
(c) What will be the behavior of Y as X tends to infinity
(d) Give an ex where such a model will be appropriate

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940071

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