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Answer to Question #57896 in Economics for nidhi gambhir
Question #57896
The relationship between Y and X is given by where follows classical assumptions. Consider the following set of data and answer the questions.
Y 1 2 3 4 5
X 8 6 9 12 10
a) Estimate parameters of the model from the following data by using OLS method.
b) What is the estimate of error variance in the above case?
c) Find the value of R square for the above data.
Y 1 2 3 4 5
X 8 6 9 12 10
a) Estimate parameters of the model from the following data by using OLS method.
b) What is the estimate of error variance in the above case?
c) Find the value of R square for the above data.
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