Question 4 Consider the following dataset. Suppose you regress Y on X using SLR model. Yi = Bo + B1Xi +Ui Y 4 11 14 21 2
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Question 4 Consider the following dataset. Suppose you regress Y on X using SLR model. Yi = Bo + B1Xi +Ui Y 4 11 14 21 2
Question 4 Consider the following dataset. Suppose you regress Y on X using SLR model. Yi = Bo + B1Xi +Ui Y 4 11 14 21 28 X 1 2 3 4 5 (a) Using OLS, calculate po and ₁. (b) Based on your answer to (a), what is the estimated Y value for X=6? (c) Calculate SSR