Answer Happy

5 Consider the following binary variable version of the fixed effects model. Each regressor Dj is a binary variable that equals 1 when /=j and 0 otherwise. Note that the binary variable D1; for the first group is arbitrarily omitted. Y₁ = +₁X₁+%2D2, + Y3D3, +...+%Dn, + Uit Use the regression in the equation above and the tool palette to the right to answer the following questions. What is the slope and intercept for entity 1 in time period 3? The slope of entity 1 in time period 3 is The intercept of entity 1 in time period 3 is (Properly format your expressions using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a subscript can be created with the character.) What is the slope and intercept for entity 2 in time period 1? (Properly format your expressions using the tools in the palette.) What is the slope and intercept for entity 3 in time period 2? (Property format your expressions using the tools in the palette.) The slope of entity 2 in time period 1 is The intercept of entity 2 in time period 1 is The slope of entity 3 in time period 2 is The intercept of entity 3 in time period 2 is