Estimate a model explaining the midterm grade in the Econometrics class (between

Question

Estimate a model explaining the midterm grade in the Econometrics class (between 1 and 10) as a function of the weekly time spent studying Econometrics (hours). Based on the following data find Bo and B1. Based on estimated coefficients, predict outcome and calculate residual e for each observation. Show your work please! Thank you.

Question 9 (10 points): Estimate a model explaining the midterm grade in the Econometrics class (between 1 and 10) as a function of the weekly time spent studying Econometrics (hours). Based on the following data find Bo and Bi. Based on estimated coefficients, predict outcome and calculate residual e for each observation. SHOW YOUR WORK! Name: Jane Josh Mary 4 10

Explanation / Answer

The estimated regression equation is -

Y = 4 + X + residual term

Y cap or estimated y when x= 4 is 8 , thus e = 0

X = 1, estimated y = 5, thus residual = 0

X=6, estimated y = 10, residual = 0

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.