# Answer to Question #57896 in Other 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.

Expert's answer

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