“Applying Linear Regression”Please respond to the following:Discuss which economic relationships you have studied up until now (not just in this class, but in all your economics classes) could be estimated using the simple linear regression model as well as the information you would need to estimate such a relationship. Explain your rationale.Based on what you discovered in the e-Activity, discuss the most common ways that regression analysis is currently being used. Include specific examples from your research.”Applying OLS”Please respond to the following:Identify an economic theory or relationship you could estimate via OLS and describe the hypothesis you would test for that theory or relationship.
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