Use of multiple regression in what way

Reference no: EM133714387

Question: Suppose you are estimating demand relationships, where you are attempting to identify the effect of price on quantity sold (i.e. Qi = α0 α1Pricei Ui). It will often be the case that the use of an instrumental variable for price will likely yield a coefficient (for α1) that relates to the use of multiple regression in what way?

Reference no: EM133714387

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