In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don’t have to show your workings). Don’t forget to label the axes.   2. The slope coefficient for a regression of Y on X is 3. The constant of a regression of Y on X is 4. The residual for the first observation in the table is

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section1.2: Exponents And Radicals
Problem 59E
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In the space below (or on a separate sheet of paper), plot all observations of the table above and draw the OLS regression line. You can estimate the slope and constant of the OLS regression line by hand, with Stata, or with Excel (you don’t have to show your workings). Don’t forget to label the axes.

 

2. The slope coefficient for a regression of Y on X is

3. The constant of a regression of Y on X is

4. The residual for the first observation in the table is

5. The average value of the residuals is 

Y
X
3
1
4
8
3
2
1
7
6.
Transcribed Image Text:Y X 3 1 4 8 3 2 1 7 6.
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