statistic question (urgent!)I have some questions when doing my International Economics essay.we have a function:logcost=a+b1logwage+b2logmaterial+b3logsales.For a non-linearity test,the teacher suggests to add another term which is sales^2.But i dou

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statistic question (urgent!)I have some questions when doing my International Economics essay.we have a function:logcost=a+b1logwage+b2logmaterial+b3logsales.For a non-linearity test,the teacher suggests to add another term which is sales^2.But i dou
statistic question (urgent!)
I have some questions when doing my International Economics essay.we have a function:logcost=a+b1logwage+b2logmaterial+b3logsales.For a non-linearity test,the teacher suggests to add another term which is sales^2.But i doubt the logic of this new term is odd.I am wondering whether (logsales)^2 is more reasonable here.
please tell us the interpretation of these terms.

statistic question (urgent!)I have some questions when doing my International Economics essay.we have a function:logcost=a+b1logwage+b2logmaterial+b3logsales.For a non-linearity test,the teacher suggests to add another term which is sales^2.But i dou
不好意思,我不能回答你的问题,但我帮你翻译了一下,希望有人能够回答吧.
我有一些疑问,我做国际经济学文章.我们有一个函数:logcost = 1 + b1logwage + b2logmaterial + b3logsales.对于一个非线性的测试,老师建议添加另一个术语,是销售^ 2.但我怀疑这个新名词的逻辑是奇数.我想知道(logsales)^ 2这里是比较合理的.
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