Strayer ECo470 week 4 discussion

·
Identify
and discuss at least two economic phenomena for which the
linear-in-parameters/linear-in-variables regression model may not be appropriate
(besides any mentioned in the text).
·
Select
an economic phenomenon and determine which of the models discussed in this
chapter would be most appropriate to apply to the phenomena in
question. Explain your rationale.
·
Based
on what you found in the e-Activity, discuss how you could apply the concepts
discussed in this chapter to better understand the U.S. economic recession of
the late 2000s.