QUESTION 1 [10 marks] Given the following table, use the matrix method to derive the constant and slope parameters of the sample regression function: Productivity index = f(Daily sleep hours). X and Y stand for the daily sleep hours and productivity index respectively. X (Daily sleep hours) Y (Productivity index) 30 4 35 40 6. 65 8 80

QUESTION 1 [10 marks] Given the following table, use the matrix method to derive the constant and slope parameters of the sample regression function: Productivity index = f(Daily sleep hours). X and Y stand for the daily sleep hours and productivity index respectively. X (Daily sleep hours) Y (Productivity index) 30 4 35 40 6. 65 8 80

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 7SQ

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