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Suppose that you've been hired to work as an analyst at a sports consultant firm. Your task is to evaluate the effectiveness of players

 

Suppose that you've been hired to work as an analyst at a sports consultant firm. Your task is to evaluate the effectiveness of players on the client's team. You observe the following data on seven players at the end of the season: Player #Season Goals Total Field Time (minutes) 1 Y = 3 X = 120 Y = 5 X=340 X3 = 560 X 590 2 3 4 5 6 7 Y = 8 Y = 15 Y = 27 Y = 45 Y=46 1. [3] Use this data to estimate the following regression model: Y = Bo + BX + Ei and obtain the following OLS estimates: X5= 780 X6 1120 X7 = 1800 Bo 3 Estimate Std. Error

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