2. Continuing with our production function data from question 6 on our previous assignment, please find: (a) The least squares residuals (êt). (b) The estimated error variance (6²). (c) The estimated variance of b2 (var(b2)).
2. Continuing with our production function data from question 6 on our previous assignment, please find: (a) The least squares residuals (êt). (b) The estimated error variance (6²). (c) The estimated variance of b2 (var(b2)).
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
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Please show how to solve a), b) and c) for question 2.
The data that is used is from the first picture for the questions
Transcribed Image Text:2. Continuing with our production function data from question 6 on our previous
assignment, please find:
(a) The least squares residuals (êt).
(b) The estimated error variance (6²).
(c) The estimated variance of b2 (var (bz)).
Transcribed Image Text:Table 1: A Sample of Observations on poultry Feed input and Meat output
Input x
1
2
3
4
5
6
7
8
9
1. Assume that you have the production data given in the following table:
10
11
12
13
14
15
Output y
0.58
1.10
1.20
1.30
1.95
2.55
2.60
2.90
3.45
3.50
3.60
4.10
4.35
4.40
4.50
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