Estimate the parameters in the linear equation Y = + X + using the data
Question:
Estimate the parameters in the linear equation Y = α + βX + ε using the data in Table 9.12.
Now plot these data and draw in your fitted line. Explain why you either do or do not think that the fitted line gives an accurate description of the relationship between X and Y.
Table 9.12
Transcribed Image Text:
X Y 1.0 0.8 2.0 1.9 3.0 3.0 4.0 4.1 5.0 5.2 30.0 3.0
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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