Question: How do we approach this problem? And what formulas do we use to find the generalized least squares estimates? Consider the simple regression model yr

How do we approach this problem? And what formulas do we use to find the generalized least squares estimates?

Consider the simple regression model yr = 31 +323 +8; where the e; are independent errors with E03} : O and var(e;} = 023$. Suppose that you have the following ve observations y :(413111012) 1: (1,211,314) Use a hand calculator to nd generalized least squares estimates of B1 and 32

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