Let x t be the 1 (k 1) vector of explanatory variables for observation t Show that the OLS estimator can be written as Dividing each summation by n shows that is a function of sample averages 1...

Let x t be the 1 (k + 1) vector of explanatory variables for observation t.

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Let x_t be the 1 × (k + 1) vector of explanatory variables for observation t. Show that the OLS estimator β̂ can be written as

Dividing each summation by n shows that β̂ is a function of sample averages.

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Introductory Econometrics A Modern Approach

ISBN: 9781337558860

7th Edition

Authors: Jeffrey Wooldridge

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Question Posted: Jul 08, 2020 02:32 AM

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Let x t be the 1 (k + 1) vector of explanatory variables for observation t.

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Introductory Econometrics A Modern Approach

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