Question: Take themodel Y X0e with E[Xe] 0. Define the ridge regression estimator here 0 is a fixed constant. Find the probability

Take themodel Y Æ X0¯Åe with E[Xe] Æ 0. Define the ridge regression estimatorn B=XiX+MIK i=1 n i=1 (7.43)

here ¸ È 0 is a fixed constant. Find the probability limit of b¯ as n!1. Is b¯ consistent for ¯?

n B=XiX+MIK i=1 n i=1 (7.43)

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