Propose an alternative method for estimating Beta1. Explain when…Image transcription textIn a study of the relationship betweenreal aggregate consumption and pricesin a specific country based… Show more… Show more Image transcription textSuppose that, in addition to aconsumption equation Ct=?u+?l?+unwhere the error at is inde… Show more… Show more Propose an alternative method for estimating Beta1. Explain when this estimator improves on the OLS estimator. MathStatistics and Probability ECON ometri
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