8 For the next 2 questions. When we have an OLS regression we are essentially finding theexpected value for a Y variable given we know the value of X. Given the Least SquaresAssumptions hold:19. Given the following econometric model Y₁ = B₁ + B,X, + u₁What is the conditional expectation of E(XIX)?20. Given we know the population Po= 2.1, B₁ = 3, and an individual in the survey has an Xwith the value of 4. What is the conditional expectation of Y for this individual,E(Y₁|X= 4)?

Here u ~ Normal (0,1) Y = β0 + β1x + uHence, E (Y | X =x) = β0 + β1x + E(u) = β0 + β1x

19. Given the following econometric model Y₁ = P + B₁X₁ + U₁ What is the conditional expectation of E(Y,IX,)? 20. Given we know the population = 2.1, ₁ = 3, and an individual in the survey has an X with the value of 4. What is the conditional expectation of Y for this individual, E(Y₁|X= 4)?

19. Given the following econometric model Y₁ = P + B₁X₁ + U₁ What is the conditional expectation of E(Y,IX,)? 20. Given we know the population = 2.1, ₁ = 3, and an individual in the survey has an X with the value of 4. What is the conditional expectation of Y for this individual, E(Y₁|X= 4)?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.6: Higher-degree Polynomials And Rational Functions

Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...

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