Question: In the model Y = + + you are told that +222 + ~IN(0, ), +12=0771 11-12 = IN(0, 40), and u, and u,, are

In the model Y = + + you are told that +222 + ~IN(0, ), +12=0771 11-12 = IN(0, 40), and u, and u,, are independent. Explain how you will estimate the parameters as a 2, 4, and o.

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