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Income 2000 1000 education - PowerPoint PPT Presentation

Regression

Regression. Regression. y= output, such as income, support for welfare c= constant, does not change b= coefficient (an increase of one year of education increases income by 1000 crowns) e=error. Example. Y = c +aX + e Y= 2000 + 3000X Income = 2000$ + 3000 (years of education)

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Income 2000 1000 education - PowerPoint PPT Presentation

Regression