Suppose that the regression model y = 0 + 1x1 + 2x2 + is estimated by
Question:
y = β0 + β1x1 + β2x2 + ε
is estimated by least squares. Show that the residuals, ei, from the fitted model sum to 0.
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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