A following random ample of size five, two variables X and Y being collected. Please derive the OLS estimator of B₁ in Y = Bo + B₁X + E. (Hint: 1. OLS minimizes the sum of squares of residuals: 2. There is a constant in this regression.

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A following random sample of size five, with two variables X and Y being collected.
Please derive the OLS estimator of B₁ in Y = Bo + B₁X + ε. (Hint: 1. OLS minimizes the
sum of squares of residuals; 2. There is a constant in this regression.)
Transcribed Image Text:A following random sample of size five, with two variables X and Y being collected. Please derive the OLS estimator of B₁ in Y = Bo + B₁X + ε. (Hint: 1. OLS minimizes the sum of squares of residuals; 2. There is a constant in this regression.)
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