Based on the following data and information, estimate the intercept of the equation using OLS (3 significant digits in final answer): A=B1+ B2B+ɛ Observation 1 3 17 15 17 Abar = 14 Beta2hat = 0.8 %3D Answer: 2)

Based on the following data and information, estimate the intercept of the equation using OLS (3 significant digits in final answer): A=B1+ B2B+ɛ Observation 1 3 17 15 17 Abar = 14 Beta2hat = 0.8 %3D Answer: 2)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Based on the following data and information, estimate
the intercept of the equation using OLS (3 significant
digits in final answer): A=B1+ B2B+ɛ
Observation
1
3
17
15
17
Abar = 14
Beta2hat = 0.8
%3D
Answer:

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