Consider a simple linear regression model Yi = Bo + B1x; + Ei, i = 1, 2,3 with x; = i/3 for i = 1,2, 3. Assume that (BB Ɛ1 1 –1 0 - E = E2 ~ N -1 2 1 ɛ3 What is the smallest variance for an unbiased estimate of B1?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
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Consider a simple linear regression model
Yi = Bo + B1xi + Ei, i= 1,2, 3
with x; = i/3 for i = 1, 2, 3. Assume that
%3|
E1
1
-1 0
E =
E2
~ N
-1
E3.
3
What is the smallest variance for an unbiased estimate of B1?
Transcribed Image Text:Consider a simple linear regression model Yi = Bo + B1xi + Ei, i= 1,2, 3 with x; = i/3 for i = 1, 2, 3. Assume that %3| E1 1 -1 0 E = E2 ~ N -1 E3. 3 What is the smallest variance for an unbiased estimate of B1?
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