Part 1: OLS basics Consider the data in the table below. Y X 3 1 8. 3 2 1 7 1. In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don't have to show your workings). Don't forget to label the axes. 2. The slope coefficient for a regression of Y on X is 3. The constant of a regression of Y on X is 4. The residual for the first observation in the table is
Part 1: OLS basics Consider the data in the table below. Y X 3 1 8. 3 2 1 7 1. In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don't have to show your workings). Don't forget to label the axes. 2. The slope coefficient for a regression of Y on X is 3. The constant of a regression of Y on X is 4. The residual for the first observation in the table is
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
Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 17E: Remainder Round all answers to two decimal places unless otherwise indicated. Domestic Auto Sales in...
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