There are two simple linear regressions on the same variables X and Y ; The first uses both variables measured in dollar

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answerhappygod
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There are two simple linear regressions on the same variables X and Y ; The first uses both variables measured in dollar

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There are two simple linear regressions on the same variables Xand Y ; The first uses both variables measured in dollars and anordinate β0 and a slope β1 are estimated. Inthe second fit, which changes both the X and Y variables tothousands of dollars, an ordinate β∗0 and aslope β∗1 are estimated.Determine the value of β∗0 andβ∗1.
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