Regression model: 𝑦 = 𝑎+ 𝑏𝑥+ 𝜖. Suppose that 𝑥 and 𝜖 are random

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answerhappygod
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Regression model: 𝑦 = 𝑎+ 𝑏𝑥+ 𝜖. Suppose that 𝑥 and 𝜖 are random

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Regression model: 𝑦 = π‘Ž+ 𝑏π‘₯+ πœ–.
Suppose that π‘₯ and πœ– are random variables, and parameters π‘Ž and
𝑏 are constants.
Suppose that the i.i.d samples (π‘₯1,…,π‘₯𝑛) are realizations of the
random variable π‘₯, and suppose that π‘₯ and πœ– are independent. Given
that
π‘‰π‘Žπ‘Ÿ(π‘₯)=𝐸[π‘₯βˆ’πΈ(π‘₯)]2= 1𝑛Σ(π‘₯π‘–βˆ’π‘₯Μ…)2𝑛𝑖=1
πΆπ‘œπ‘£(π‘₯,𝑦)= 𝐸[(π‘₯βˆ’πΈ(π‘₯))(π‘¦βˆ’πΈ(𝑦))]=1𝑛Σ(π‘₯π‘–βˆ’π‘₯Μ…)(π‘¦π‘–βˆ’π‘¦Μ…)𝑛𝑖=1,
Try to establish the expression for the estimator 𝑏.
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