Economics · Econometrics
In econometrics, a classical linear regression model must be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Linear in parameters and may or may not be linear in variables✓
- 2Linear in parameters and must be linear in variables
- 3Non-linear in parameters and must be linear in variables
- 4Linear in explanatory variables but may not be linear in parameters
Correct answer
Linear in parameters and may or may not be linear in variables
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