**Unformatted text preview: **+ β 1 Exper+u, 1-Estimate the unknown parameters using method of OLS. 2-Interpret the parameter estimates. 3-Complete the table. 4-Calculate SSR, standard error of regression (SER), and standard error of ± ² 1 . 5-Calculate the following expression: [SST-± ² 1 ( ∑ ?? − ³?̅ ? ´ )]. Is it the same as SSR? 6-Calculate and interpret R 2 . 7-Test for significance of β 1 at α=0.05. Calculate and interpret the p-value....

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- Fall '14
- Yu-Wei
- Statistics, Econometrics, Standard Error, Sales, Subroutine