Consider the following linear regressionYi = 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?.

Given the linear regression as yi=xiβ+ui where i=1,...,6 ; xi=3i ; y=1, 2, 3, 4, 5, 6' ; σε2=1.

Answered: Consider the following linear…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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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?.