Which of the following is INCORRECT in the MS Excel operation for constructing a
ID: 2442965 • Letter: W
Question
Which of the following is INCORRECT in the MS Excel operation for constructing a short-run production function with labor input (L)?
The regression model should be a cubic function such as Q = AL3+BL2.
The independent variables should be L3, L2 and L.
We need to choose “Constant as zero” in regression operation.
None of the above
Which of the following is INCORRECT in the MS Excel operation for constructing a short-run production function with labor input (L)?
The regression model should be a cubic function such as Q = AL3+BL2.
The independent variables should be L3, L2 and L.
We need to choose “Constant as zero” in regression operation.
None of the above
Explanation / Answer
Answer:
weneed to choose " constant as zero" in regression operation. This is the incorrect option