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Question: 16 suppose that a researcher wanted to estimate the parameters...

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1.6 Suppose that a researcher wanted to estimate the parameters in the simple pop- ulation equation Y = βο + β1 X + u. The actual observations on X and Y are INTRODUCTION TO LEAST SQUARES 17 not available, but the following data were calculated from a sample of 10 ob- servations ΣΧΥ= 2.246 Σ xy=-654 у? 41,208 уг-7,568 (a) What is b,? (b) What is bo?
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