Subject: Manegerial economics & policy Q#1) What is the identification problem? What effect will this problem have on th

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Subject: Manegerial economics & policy Q#1) What is the identification problem? What effect will this problem have on th

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Subject: Manegerial economics & policy
Q#1) What is the identification problem? What effect will
this problem have on the regression
estimates of a demand function? Explain.
Q#2) What is multicollinearity? How can researchers detect
this problem? What is the impact
of this problem on the regression estimates? What steps can be
taken to deal with this
problem?
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