Question: In a classical linear regression model, will the standard error of the regression coefficient be estimated better if we select values of X (the explanatory
In a classical linear regression model, will the standard error of the regression coefficient be estimated better if we select values of X (the explanatory variable) near the average of Xi? And does doing this improve the estimation of the variance of the intercept alpha?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
