Please help me econ homework 76THE SIMPLE LINEAR REGRESSION MODEL(x – x)²y - y(x – x)(y – F)y12334EyE(x; – x) =E(x; – x)² =Σύ-) -E(x; – x)(y; – y) =(a) Complete the entries in the table. Put the sums in the last row. What are thesample means F and ỹ?(b) Calculate bị and b2 using (2.7) and (2.8) and state their interpretation.(c) Compute E1x}, £1xyi. Using these numerical values, show thatE(xi – x)° = Ex? – N and E(x; – x)(y; – 5) = E.xy: – Nay(d) Use the least squares estimates from part (b) to compute the fitted values of y, andcomplete the remainder of the table below. Put the sums in the last row.6.1314Ey =Σ-Ex;ê =(e) On graph paper, plot the data points and sketch the fitted regression lineŷi = bị + b,xj.(f) On the sketch in part (e), locate the point of the means (x, y). Does your fitted linepass through that point? If not, go back to the drawing board, literally.(g) Show that for these numerical values y = b1 + bī.(h) Show that for these numerical values ỹ = y, where y = £ÿ¡/N.(i) Compute ở².(j) Compute var(b2).

Name: Please help me econ homework 76THE SIMPLE LINEAR REGRESSION MODEL(x –
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Description: Please help me econ homework 76THE SIMPLE LINEAR REGRESSION MODEL(x – x)²y - y(x – x)(y – F)y12334EyE(x; – x) =E(x; – x)² =Σύ-) -E(x; – x)(y; – y) =(a) Complete the entries in the table. Put the sums in the last row. What are thesample means F and ỹ?