Question: Given the two variable population regression function (PRF): Y = Bo + BX + u a. Derive the estimator for B[7 marks] b. State

Given the two variable population regression function (PRF): Y = Bo +

Given the two variable population regression function (PRF): Y = Bo + BX + u a. Derive the estimator for B[7 marks] b. State and briefly explain three (3) Classical Linear Regression Model assumptions relating to the error term [6 marks] c. Prove that var(Y) = o [2 marks]

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