IN II Consider an econometrics model set to investigate the relationship between variables X and Y population regression function given as; Y₁ =B₁ + B₂X₁ + U₁ a) Obtain the OLS estimators for B₁ and B₂for the above model b) State and provide the proof of the mathematical/numerical properties of these estimators Demonstrate that Ordinary Least Squares Estimator B₂ is be BLUE c)

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JESTION II
Consider an econometrics model set to investigate the relationship between variables X and Y based on the
population regression function given as;
Y₁ = B₁ + B₂X₁ + U₁
a) Obtain the OLS estimators for B₁ and B₂for the above model
b) State and provide the proof of the mathematical/numerical properties of these estimators
c) Demonstrate that Ordinary Least Squares Estimator B₂ is be BLUE
Transcribed Image Text:JESTION II Consider an econometrics model set to investigate the relationship between variables X and Y based on the population regression function given as; Y₁ = B₁ + B₂X₁ + U₁ a) Obtain the OLS estimators for B₁ and B₂for the above model b) State and provide the proof of the mathematical/numerical properties of these estimators c) Demonstrate that Ordinary Least Squares Estimator B₂ is be BLUE
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