Question: (i) Complete the steps outlined in those slides and show that the slope (8) and intercept (Bo) estimates for the least squares regression line
(i) Complete the steps outlined in those slides and show that the slope (8) and intercept (Bo) estimates for the least squares regression line are given by: B = n 21(2i - z)(y - y) (x x)2 and Bo = B, where all notations have their standard meanings as used in the notes. (Hint: in the final step, to arrive at the desired expression of 3 as above, you may need to use the fact that ?_(x; x) = 0 and (Yi ) = 0, both of which follow quite easily from the definitions of and y.) i=1
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