Where the variable the data set and the variable

The data set for the exam is in the “final” folder, where there is a folder under your student ID, on Google drive. Work on the data set in the folder under your name, and answer the following questions. Answer all the questions and compile your answer in ONE word or pdf file.

a.Run the following regression by OLS:

log(𝑦�) = 𝛽� + 𝛽�𝑥� + 𝛽� log(𝑥�) + 𝛽�𝑥� + 𝛿�𝑥�� + 𝛽�𝑥� + 𝑢, where 𝑦� is the variable y2 in the data set.

(b.1) Report the regression result.

c.Run the following regression by OLS:

𝑦� = 𝛽� + 𝛽�𝑥� + 𝛽� log(𝑥�) + 𝛽�𝑥� + 𝛿�𝑥�� + 𝛽�𝑥� + 𝑢.