Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

Step by Step Solution

3.43 Rating (166 Votes )

There are 3 Steps involved in it

Step: 1

To show that the leastsquares estimate of the slope can be written as B1 r SySx we ca... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics A Modern Approach

Authors: Jeffrey M. Wooldridge

4th edition

978-0324581621, 324581629, 324660545, 978-0324660548

More Books

Students also viewed these Accounting questions

Question

What are the big five personality traits? (p. 60)

Answered: 1 week ago