Consider a panel data set and the following regression model. What do subscripts i and t refer to? Yit = Bo + B₁Xit + Uit OA. Subscripts i and t identify the time period and entity respectively. B. Subscripts i and t identify the entity and time period respectively. OC. Subscripts i and t identify different time periods. D. Subscripts i and t identify different individuals.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 1.4CE
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Consider a panel data set and the following regression model.
Yit= Bo + B₁Xit + Uit
What do subscripts i and t refer to?
A. Subscripts i and t identify the time period and entity respectively.
B. Subscripts i and t identify the entity and time period respectively.
C. Subscripts i and t identify different time periods.
D. Subscripts i and t identify different individuals.
Transcribed Image Text:Consider a panel data set and the following regression model. Yit= Bo + B₁Xit + Uit What do subscripts i and t refer to? A. Subscripts i and t identify the time period and entity respectively. B. Subscripts i and t identify the entity and time period respectively. C. Subscripts i and t identify different time periods. D. Subscripts i and t identify different individuals.
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