Question: Suppose you run the following regression: Y i = 1 + 2 x i +u i where, as usual, yi and xi are

Suppose you run the following regression:

Y_i = β̂₁ + β̂₂x_i +û_i

where, as usual, yi and xi are deviations from their respective mean values.
What will be the value of β̂₁? Why? Will β̂₂ be the same as that obtained from Eq. (3.1.6)? Why?

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