Explain carefully the meaning of each of the following terms: a. Population regression function (PRF). b. Sample
Question:
a. Population regression function (PRF).
b. Sample regression function (SRF).
c. Stochastic PRF.
d. Linear regression model.
e. Stochastic error term (ui).
f. Residual term (ei).
g. Conditional expectation.
h. Unconditional expectation.
i. Regression coefficients or parameters,
j. Estimators of regression coefficients.
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a It states how the population mean value of the dependent variable is related to one or more explan...View the full answer
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