Suppose that I want to estimate the effect of x₁ on y. Consider the univariate regression line: how to calculate a and b₁ using OLS? y = a + b₁x₁

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 12SBE: Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
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Suppose that I want to estimate the effect of x₁ on y. Consider the univariate regression
line:
how to calculate a and b₁ using OLS?
y = a + b₁x₁
Transcribed Image Text:Suppose that I want to estimate the effect of x₁ on y. Consider the univariate regression line: how to calculate a and b₁ using OLS? y = a + b₁x₁
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