Consider the sets of data given in the following two tables


Question: Consider the sets of data given in the following two tables:

2179_T2.png

The only difference between the two tables is that the third and fourth values of X3 are interchanged.

(a) Regress Yon X2 and X3 in both tables, obtaining the usual OLS output.

(b) What difference do you observe in the two regressions? And what accounts for this difference?

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Macroeconomics: Consider the sets of data given in the following two tables
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