KInh tế ứng dụng_ Lecture 5: Simple versus Multiple Regression

Multiple regression is the extension of simple regression, to take account of more than one independent variable X. In multiple regression, we study the relationship between Y and a number of explanatory variable (X1, X2, …, Xk). The model we assume is as follows: Yi = β0 + β1X1 + β2X2 + … + βkXk + ei

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