b) Show that by using least square estimation, a and ß can be determined respectively as: n (x₁ - x)(y₁ - y) B = Σ(x₁ - x)² i=1 a=y-Bx where Xi and y, are respectively the observed income and trips of household i, x and y are the average income and number of trips among all households, n is the total number of households surveyed. Please include and show all your working steps in detail. i=1

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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b) Show that by using least square estimation, a and ß can be determined respectively as:
n
Σα -
(x; − x)(y; − y)
i=1
В
n
Σ(x₁ - x)²
i=1
a=y-Bx
where x, and y, are respectively the observed income and trips of household i, x and
y are the average income and number of trips among all households, n is the total
number of households surveyed.
Please include and show all your working steps in detail.
Transcribed Image Text:b) Show that by using least square estimation, a and ß can be determined respectively as: n Σα - (x; − x)(y; − y) i=1 В n Σ(x₁ - x)² i=1 a=y-Bx where x, and y, are respectively the observed income and trips of household i, x and y are the average income and number of trips among all households, n is the total number of households surveyed. Please include and show all your working steps in detail.
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