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In economic research, regression models are widely used to examine relationships between dependent and independent variables. The functional form of a regression model specifies how the dependent variable is mathematically related to the independent variables. Various functional forms are used depending on the nature of data, relationship, and objectives of analysis. The linear regression model is the simplest and most commonly used form, expressed as $Y = \beta_0 + \beta_1 X ________ _____ ____ ___ _____ ____ _________ ______.
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