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April 18th, 2020

Consider a regression of y on x1, x2 and x3. You are told that x1 and x3 are positively correlated but x2 is uncorrelated with the other two variables.

Consider a regression of y on x1, x2 and x3. You are told that x1 and x3 are positivelycorrelated but x2 is uncorrelated with the other two variables.(a) [3] What, if anything, can you say about the relative magnitudes of the estimatedcoefficients on each of the three explanatory variables?(b) [6] What, if anything, can you […]

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