Question: 3. Machine Learning- please help a. Discuss the implications that uncertainty in X would have on parameter estimates based on linear regression models. Should we
3. Machine Learning- please help
a. Discuss the implications that uncertainty in X would have on parameter estimates based on linear regression models. Should we care about error in X when fitting OLS regressions?
b) Provide a brief discussion on the concept of regression dilution.
c) Are there any linear regression models that account for uncertainty in $X$ and $Y$? Please do some independent research and cite your sources.
d) Distinguish between least squares and maximum likelihood in the context of linear regression models.
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