Question
Suppose we are interested in the regression relationship between the variables of X and Y, such as X 4, 5, 5, 6, 7, 9, 10,
Suppose we are interested in the regression relationship between the variables of X and Y, such as
X 4, 5, 5, 6, 7, 9, 10, 8, 7, 10 and
Y 12, 9, 8, 9, 10, 6, 8, 8, 7, 7
The mean of X is 7.1. If we assume the Gauss Markov theorem holds and the regression relationship is given by y_i = b_1 + b_2 * x_i + e_i. Please calculate b_1:
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
