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Econometrics Question Suppose you are given the following simple dataset, regress Y on X: y= 0 + 1 x+u X Y 1 2 2 5
Econometrics Question
Suppose you are given the following simple dataset, regress Y on X: y=0+1x+u
| X | Y |
| 1 | 2 |
| 2 | 5 |
| 4 | 8 |
Do the following calculation without STATA or other statistical software
- Calculate and. Show algebraic steps.
- Interpret and
- Calculate the predicted(fitted) value of each observation
- Calculate the residual of each observation
- When x=3, what is the predicted value of Y?
- Calculate TSS, ESS and RSS.
- Calculate R-squared. How much of the variation in Y is explained by X?
- Estimate the variance of the disturbance u
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Hotel And Restaurant Accounting
Authors: Cole Raymond
8th Edition
0866125531, 9780866125536
