Question: Explain why it is important for statistical inference that given (mathbf{x}) the least squares estimators (b_{1}) and (b_{2}) are normally distributed random variables.

Explain why it is important for statistical inference that given $\mathbf{x}$ the least squares estimators $b_{1}$ and $b_{2}$ are normally distributed random variables.

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In statistical inference the goal is to draw conclusions or make predictions about a population based on a sample of data The least squares estimators ... View full answer

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Explain why it is important for statistical inference that the least squares estimators b1 and b2 are normally distributed random variables.

2. Explain why it is important for statistical inference that the least squares estimators b1 and b2 are normally distributed random variables.

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