B. You are given the following simple linear regression model Y = βX + ε Where the classical linear regression assumptions are all met. Three estimates can be used to approximate the unknown slope coefficient, ß. Σ(Χ.-Χ.Υ. Σ Xi-X ΔΑΣ ΣΧΥ, B₁ = Σχ? βι I Α β, If the decision criterion is the efficiency of those estimators, indicate which one of th estimators to use (You need to show all workings).
B. You are given the following simple linear regression model Y = βX + ε Where the classical linear regression assumptions are all met. Three estimates can be used to approximate the unknown slope coefficient, ß. Σ(Χ.-Χ.Υ. Σ Xi-X ΔΑΣ ΣΧΥ, B₁ = Σχ? βι I Α β, If the decision criterion is the efficiency of those estimators, indicate which one of th estimators to use (You need to show all workings).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:B. You are given the following simple linear regression model
Ÿ₁ = BX₁ + ε₁
Where the classical linear regression assumptions are all met. Three estimates can be used
to approximate the unknown slope coefficient, B.
Σ(Χ.-Χ.Υ.
Σ Xi-X
B₁ = 1, B₂-
=
ΣΧΥ,
Ex²
/
^
B,
If the decision criterion is the efficiency of those estimators, indicate which one of t
estimators to use (You need to show all workings).
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