Question: Consider the simple linear regression model Y0 1x . Suppose that the analyst wants to use as the regressor variable. (a) Using the

Consider the simple linear regression model Y0

1x . Suppose that the analyst wants to use as the regressor variable.

(a) Using the data in Exercise 6-51, construct one scatter plot of the (xi, yi) points and then another of the points. Use the two plots to explain intuitively how the two models, Y01xand Y z, are related.

(b) Find the least squares estimates of and in the model Y z . How do they relate to the least squares estimates and

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