Suppose that we are fitting a line and we wish to make the variance of the regression

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Suppose that we are fitting a line and we wish to make the variance of the regression coefficient B1 as small as possible. Where should the observations xi, i = 1, 2, p, n, be taken so as to minimize V (B1)? Discuss the practical implications of this allocation of the xi.
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Applied Statistics And Probability For Engineers

ISBN: 9781118539712

6th Edition

Authors: Douglas C. Montgomery, George C. Runger

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