- MAKES EVERYTHING EASIER TO UNDERSTAND D Corresponding Concepts vs “b” • First concept they are both estimators o estimates µ o b

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Economic Statistics – Class Notes – 3/11/09 Recall – Regression Analysis – Problem – Find the line that fits best Solution – choose a and b so that the sum of the squared residuals is minimized:
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BE SURE TO KNOW WHAT HE IS SUBSTITUTING FOR THE DIFFERENT TERMS
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Unformatted text preview: MAKES EVERYTHING EASIER TO UNDERSTAND! D. Corresponding Concepts vs. “b” • First concept they are both estimators: o estimates µ o b estimates beta (B) 1. Properties of...
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This note was uploaded on 06/03/2009 for the course ECON 203 taught by Professor Casler during the Spring '09 term at Allegheny.

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- MAKES EVERYTHING EASIER TO UNDERSTAND D Corresponding Concepts vs “b” • First concept they are both estimators o estimates µ o b

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