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Suppose we are estimating the equation HousingExpendituresi = B0+B1Incomei+ Ei with income expressed in dollars, then using the same data
Suppose we are estimating the equation HousingExpendituresi = B0+B1Incomei+
Ei with income expressed in dollars, then using the same data HousingExpendituresi =
b0 +b1Incomei +Ei with income expressed in cents. How would ^B 0; ^ B1 compare to
^ b0; ^ b1? Prove using equations for estimating the slope and intercept in a univariate
model.