For this exercise, you will take five data points and calculate the coefficients of the bivariate regression
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Question:
For this exercise, you will take five data points and calculate the coefficients of the bivariate regression model by hand. This is not something you would typically do, but by doing so, I hope the relevant concepts will become more concrete. You will complete this exercise using 5 data points (n = 5) which are combinations of values of a Y variable and an X variable as indicated:
i | Y | X |
1 | 1 | 0 |
2 | 3 | 0 |
3 | 2 | 1 |
4 | 7 | 1 |
5 | 6 | 1 |
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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