Question

In the regression model : y = α + β1x1 + β2x2+ u, the correct interpretation of β1 is

change in y associated with unit change in x1

change in y associated with unit change in x1, holding x2 constant

change in y associated with percentage change in x1

change in y associated with percentage change in x1, holding x2 constant

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Answer 1

Answer:

1

Explanation:

change in variable 1 with one unit, increases or decreases the the dependant variable by beta 1