Question: Suppose you have these observations on x and y:

Calculate (manually): \[\]

1. \(\bar{X}\) and \(\bar{Y}\)

ii) \[{{\hat{\beta }}_{0}}\] and \[{{\hat{\beta }}_{1}}\] if you hypothesize that x and y are related (in the population) in the following manner:

E(y|x) = β ₀ + β ₁ x

You need to use the formulas for calculating the parameters, not SAS or Stata.

iii) SST, SSR, SSE, R ²

iv) Show that the residuals add to zero.

Note: Please show all the steps.

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document