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In the Equation Yi=αj+βjXj+εjY _ { i } = \alpha _ { j } + \beta _ { j } X _ { j } + \varepsilon _ { j }

Question 55

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In the equation Yi=αj+βjXj+εjY _ { i } = \alpha _ { j } + \beta _ { j } X _ { j } + \varepsilon _ { j } ,how do the various variables and coefficients relate to heterogeneity?

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Heterogeneity of characteristics is deno...

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