Question
We derived the least-squares estimate of the slope in two different forms. Show that it can also be written as where r = is
We derived the least-squares estimate of the slope in two different forms. Show that it can also be written as where r = is the Pearson's correlation coefficient, Sx are the means. 1 n-1. n are the standard deviations, and i=1 1 (9(5) n-1 Sx Sy B X = n 1 Syr. Sx i=1 (x - x) and. = Sy n x-12-9-1 xi and y = n. 1 n-1. n i=1 Yi n i=1 (y - y)
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
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