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Following is a simple linear regression model: y i =0+ 1x i +i The following results were obtained from statistical software: s yx (regression standard
Following is a simple linear regression model:
yi=0+1xi+i
The following results were obtained from statistical software:
syx(regression standard error) = 5.976
SST = 2,018.73
n(total observations) = 30
Variable | Parameter Estimate | Std. Err. of Parameter Est. |
Constant | -0.0082 | 0.0037 |
X | -0.0026 | 0.0011 |
The ordinary least squares (OLS) method of estimation means that one obtains the estimates of slope and intercept by finding the least value (s) of :
Group of answer choices
the slope only
the intercept only
both the slope and intercept
the sum of squared residuals
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