2. Suppose the sample size n=10, we have the following figures for sample data: ΣΥ-1110 ΣΧ-163 ; ΣΧΥ-204200; ΣΧ-315400; ΣΥ= 133300 The representation of PRF is Y,= b, +b,X, +u,, u, 0 üd N(0,4) The OLS estimates for the SRF is B, and B a. calculate B, and B with the above figures. b. calculate the standard error of ß, and B. c. calculate the determination coefficient: R?

2. Suppose the sample size n=10, we have the following figures for sample data: ΣΥ-1110 ΣΧ-163 ; ΣΧΥ-204200; ΣΧ-315400; ΣΥ= 133300 The representation of PRF is Y,= b, +b,X, +u,, u, 0 üd N(0,4) The OLS estimates for the SRF is B, and B a. calculate B, and B with the above figures. b. calculate the standard error of ß, and B. c. calculate the determination coefficient: R?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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