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Calculate the new coefficients

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In the linear regression model  Yt = B1 + B2Xt + ut , OLS estimation yielded b1  = 2.5 and b2  = 3.

Suppose, instead of using Xt  and Yt  we use X't  =  10Xt   and  Y't  =  5Yt

Calculate the new coefficients, their standard errors, and the R-Squared for the transformed model.

Reference no: EM131909441

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