Question: Kindly explain also. I'll upvote 5. Consider the following linear population regression model yi = Bxi + 6 , where y, is the dependent variable,

Kindly explain also. I'll upvote

Kindly explain also. I'll upvote 5. Consider the following linear population regression

5. Consider the following linear population regression model yi = Bxi + 6 , where y, is the dependent variable, x/ is true but unobserved regressor of interest, and ; is the residual. Assume the means of all variables have been subtracted off, so there is no need for an intercept term. The observed variable is x; and is related to the true variable x/ by x; = x/ + 7. The error in observation n; has mean zero and is uncorrelated with x/ and with e

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