1. Math
  2. Statistics And Probability
  3. use the knowledge of quotintroductions to econometricsquot to answer the...

Question: use the knowledge of quotintroductions to econometricsquot to answer the...

Question details
Use the knowledge of "Introductions to Econometrics" to answer the following questions:

Yt=β0+β1Xt+Ut

Show that for the Least Square Estimators:

a) The sum of the residuals equals zero.

b) The sum of the product of the independent variable and residuals equals zero.

Step by step

 
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution