Question: Using the data in Exercise 1, show that the estimate of the slope given by ch is 0.0057. In contrast, the OLS estimate is

Using the data in Exercise 1, show that the estimate of the slope given by βˆ

ch is 0.0057.

In contrast, the OLS estimate is 0.0045, and βˆm = 0.0042. Comment on the difference among the three estimates.

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