04 Jun Question · Identify and discuss at least two
Question
· Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
· Select an economic phenomenon and determine which of the models discussed in this chapter would be most appropriate to apply to the phenomena in question. Explain your rationale.
· Based on what you found in the e-Activity, discuss how you could apply the concepts discussed in this chapter to better understand the U.S. economic recession of the late 2000s.
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