In a regression problem with one output variable and one input variable, we set up two cutpoints z1 and z2 for the input variable and we fit a step function regression model based on these two cutpoints of the input variable. If you write the regression problem in matrix form y = X%*%β + ε, how many rows would the vector β have?

In a regression problem with one output variable and one input variable, we set up two cutpoints z1 and z2 for the input variable and we fit a step function regression model based on these two cutpoints of the input variable. If you write the regression problem in matrix form y = X%*%β + ε, how many rows would the vector β have?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1.4CE

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