Suppose we have the following simple linear regression (SLR) mode y = Bot Bi tu, E[u|x] = 0. To estimate the intercept and slope parameters in this population model, you are given the following sample statistics computed from random sample of {xi, yi}:
Suppose we have the following simple linear regression (SLR) mode y = Bot Bi tu, E[u|x] = 0. To estimate the intercept and slope parameters in this population model, you are given the following sample statistics computed from random sample of {xi, yi}:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
E4
![Suppose we have the following simple linear regression (SLR) model:
y = Bo +B12 + u, E[u|]=0.
To estimate the intercept and slope parameters in this population
model, you are given the following sample statistics computed from a
random sample of {xi, yi}:
(sample) average of x () is 3.
(sample) average of y(y) is 250.
(sample) covariance between x and y is 20.
(sample) standard deviation of x (s) is.5.
(sample) standard deviation of y (sy) is.3.
A. Using the above statistics, compute an OLS estimate for the slope
parameter (₁).
(Hint: The answer is an integer.)
●
●
●
B. Using the above statistics and your answer in part A, compute an
OLS estimate for the intercept parameter (30).
(Hint: The answer is an integer.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b2bbbe7-237b-41b1-a097-61708309bf27%2F5698b978-14a1-4bf4-9d3b-030034f64c74%2Fknkvprt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose we have the following simple linear regression (SLR) model:
y = Bo +B12 + u, E[u|]=0.
To estimate the intercept and slope parameters in this population
model, you are given the following sample statistics computed from a
random sample of {xi, yi}:
(sample) average of x () is 3.
(sample) average of y(y) is 250.
(sample) covariance between x and y is 20.
(sample) standard deviation of x (s) is.5.
(sample) standard deviation of y (sy) is.3.
A. Using the above statistics, compute an OLS estimate for the slope
parameter (₁).
(Hint: The answer is an integer.)
●
●
●
B. Using the above statistics and your answer in part A, compute an
OLS estimate for the intercept parameter (30).
(Hint: The answer is an integer.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman