Show that the sample regression line passes through the point ((bar{X}, bar{Y})).

Question:

Show that the sample regression line passes through the point $(\bar{X}, \bar{Y})$.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

See More Books

Question Posted: Apr 30, 2024 02:00 AM

See More Questions

Based on a sample on n observations, (x1, y1), (x2, y2), .. ,(xn, yn), the sample regression of y on x is calculated. Show that the sample regression line passes through the point (x = x-bar, y =...
Evaluate each of the following statements: a. In a multiple regression model, the coefficients on the explanatory variables measure the percent of the total variation in the dependent variable Y...
Suppose that we wish to fit a regression model for which the true regression line passes through the point (0, 0). The appropriate model is Y = Î²x + Îµ. Assume that we have n...
Orca Industries is considering the purchase of Shark Manufacturing. Shark is currently a supplier for Orca and the acquisition would allow Orca to better control its material supply. The current cash...
What were the schemes that Rite Aid used to inflate its profits?
Monarch Manufacturing Company expects to make 72,000 travel sewing kits during 2019. In January, the company made 1,800 kits. Materials and labor costs for January were $9,000 and $11,250,...
Express the following $n$ th-order differential equation as a system of $n$ first-order differential equations: \[a_{n} \frac{d^{n} x}{d t^{n}}+a_{n-1} \frac{d^{n-1} x}{d t^{n-1}}+\cdots+a_{1}...
Eight different types of evidence were discussed. The following questions concern the reliability of that evidence: Required a. Explain why confirmations are normally more reliable evidence than...
Let S be a bounded infinite set, and let x = sup(s). Prove that if x S then x is an accumulation point of s.
A sample $\left(X_{i}, Y_{i} ight), i=1, \ldots, n$, is collected from a population with $E(Y \mid X)=\beta_{0}+\beta_{1} X$ and used to compute the least squares estimators $\hat{\beta}_{0}$...
a. Show that the regression $R^{2}$ in the regression of $Y$ on $X$ is the squared value of the sample correlation between $X$ and $Y$. That is, show that $R^{2}=r_{X Y}^{2}$. b. Show...
A piston/cylinder in a car contains 12 in.3 of air at 13 lbf/in.2, 68 F. The air is compressed in a quasi-equilibrium polytropic process with polytropic exponent n = 1.25 to a final volume six times...
Aurora Wedding Gowns was burglarized in May of 20X5. It is unclear how many dresses were stolen. Aurora and its insurance company are currently working to estimate the dollar value of the stolen...
Carson's Camera Store has a number of video recording cameras in stock. All units are priced to provide a normal profit margin of $$150$. Some of these units are quite old. Carson's has concluded...
Bell Computers assembles and sells notebook styled computers. The company is attempting to better manage cash flow and reduce inventory. The most recent strategy has been to require major vendors to...
Determine the "type" and "basic accounting" approach for each of the following categories of investments. Investment level generally over 20% but not giving control Investment level usually over 50%...
In the period in which an intercorporate sale occurs, how do the consolidation eliminating entries differ when unrealized profits pertain to an intangible asset rather than a tangible asset?
The Flying Leap of Flea High-speed motion pictures (3500frames/second) of a jumping 210-μg flea yielded the data to plot the flea's acceleration as a function of time as shown in Fig. 5.66. (See...
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 56,000 machine-hours would be...
Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 56,000 machine-hours would be...
4 20 points Skipped High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company's job-order costing system uses departmental predetermined overhead rates to...

Show that the sample regression line passes through the point ((bar{X}, bar{Y})).

Question:

Step by Step Answer:

Introduction To Econometrics

Students also viewed these Business questions