Consider the following linear regression Yi = x;ß+ u;, where i = 1, ., 6; x; = 3i; y = (1,2, 3, 4, 5, 6)'; = 1. Find the OLS estimator of ß. Moreover, find the unbiased estimator of o?.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Consider the following linear regression
Yi = X;ß+ uj,
where i = 1, ..., 6; x¡ = 3i; y = (1,2, 3, 4, 5, 6)'; and o? = 1.
Find the OLS estimator of B.
Moreover, find the unbiased estimator of o?.
Transcribed Image Text:Consider the following linear regression Yi = X;ß+ uj, where i = 1, ..., 6; x¡ = 3i; y = (1,2, 3, 4, 5, 6)'; and o? = 1. Find the OLS estimator of B. Moreover, find the unbiased estimator of o?.
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