Question: Consider the data presented in Table 1 below. Table1 Financial data on 6 families Consumption expenditures (per week)= C Disposable income (per week)= I $680$
Consider the data presented in Table 1 below.
Table1 Financial data on 6 families
Consumption expenditures (per week)= C Disposable income (per week)= I
$680$ 900
8001100
8301000
8901200
9201500
9601800
If expresses a relationship between consumption expenditures and disposable income and assuming that satisfies all the conditions of the Gauss-Markov theorem, use the sample of data in Table 1 to
a)estimate the regression parameters;
b)calculate the sum of the squared residuals;
c)calculate the standard error of estimate;
d)compute the standard error of ;
e)calculate ;
f)test the null hypothesis against the alternative .
can you please help me step by step?
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