Fast Given the following univariate regression: Y₁ = B₁₂ + ẞ₂X₁ + Û₁Prove that is consistent(10 points)

To prove that β^2 is consistent in the given univariate regression model Yi=β^1+β^2Xi+u^i,…

Answered: Given the following univariate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given the following univariate regression: Y₁ = B₁₂ + ẞ₂X₁ + Û₁ Prove that is consistent (10 points)