What are the expected signs

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Question: The cig consume dataset contains 48 states annual data for 1985-1995. Fit an FE model of demand for cig consume packpc. as a function of price (agars)and per capita income (incept). What are the expected signs? Are they borne out by the estimates? If not. How might you explain the estimated coefficients? Can you reject the pooled OLS model of demand?

Reference no: EM131523558

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