Two econometricians fit regressions using the same data but different sets of explanatory variables. The first estimates Yhat = 18 + 5X1 - 2X2. If one regressed X2 on X1 one would get X2hat = 2 + 8X1. The second econometrician estimated Y = BO + B1X1. What value did the %3D second econometrician get for B1 hat?

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Two econometricians fit regressions using the
same data but different sets of explanatory
variables. The first estimates Yhat = 18 + 5X1 -
2X2. If one regressed X2 on X1 one would get
X2hat = 2 + 8X1. The second econometrician
estimated Y = B0 + B1X1. What value did the
second econometrician get for B1 hat?
Transcribed Image Text:Two econometricians fit regressions using the same data but different sets of explanatory variables. The first estimates Yhat = 18 + 5X1 - 2X2. If one regressed X2 on X1 one would get X2hat = 2 + 8X1. The second econometrician estimated Y = B0 + B1X1. What value did the second econometrician get for B1 hat?
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