Unformatted text preview: + β 1 Exper+u, 1Estimate the unknown parameters using method of OLS. 2Interpret the parameter estimates. 3Complete the table. 4Calculate SSR, standard error of regression (SER), and standard error of ± ² 1 . 5Calculate the following expression: [SST± ² 1 ( ∑ ?? − ³?̅ ? ´ )]. Is it the same as SSR? 6Calculate and interpret R 2 . 7Test for significance of β 1 at α=0.05. Calculate and interpret the pvalue....
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 Spring '14
 YuWei
 Statistics, Econometrics, Standard Error, Sales, Subroutine

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