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The average value of the residuals is

The average value of the residuals is

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Just need the answer to 5 please, I have attached my answers to previous questions.

Part 1: OLS basics Consider the data in the table below. Y X 3 1 8. 3 2 1 7 1. In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don't have to show your workings). Don't forget to label the axes. 2. The slope coefficient for a regression of Y on X is 3. The constant of a regression of Y on X is 4. The residual for the first observation in the table is 5. The average value of the residuals is
Transcribed Image Text:Part 1: OLS basics Consider the data in the table below. Y X 3 1 8. 3 2 1 7 1. In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don't have to show your workings). Don't forget to label the axes. 2. The slope coefficient for a regression of Y on X is 3. The constant of a regression of Y on X is 4. The residual for the first observation in the table is 5. The average value of the residuals is
1) 3The yn a2.333 4) hen l 5)
Transcribed Image Text:1) 3The yn a2.333 4) hen l 5)
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