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1. For each of the nine examples listed in the text above, give the real-world interpretation of…

1. For each of the nine examples listed in the text above, give the real-world interpretation of…

1. For each of the nine examples listed in the text above, give the real-world interpretation of the parameters α and β.2. Among the nine examples listed in the text, several would require restrictions on X because otherwise f3 almost certainly would not be constant [see Problems 7.1.2(a) and 7.1.5] . Why does it violate the assumptions of the model for β to be variable?