Suppose an investigator has data on the amount of shelf space x devoted to display of a particular product and sales revenue y for that product. The investigator may wish to fit a model for which the true regression line passes through (0, 0). The appropriate model is . Assume that are observed pairs generated from this model, and derive the least squares estimator of b1. [Hint:
Write the sum of squared deviations as a function of b1, a trial value, and use calculus to find the minimizing value of b1.]