Which of the following is INCORRECT in the MS Excel operation for constructing a

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

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