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
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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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).
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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