{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ch06 - 6-1 Introduction To Empirical Models 6-1...

Info icon This preview shows pages 1–22. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6-1 Introduction To Empirical Models
Image of page 4
6-1 Introduction To Empirical Models
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6-1 Introduction To Empirical Models
Image of page 6
6-1 Introduction To Empirical Models Based on the scatter diagram, it is probably reasonable to assume that the mean of the random variable Y is related to x by the following straight-line relationship: where the slope and intercept of the line are called regression coefficients . The simple linear regression model is given by where ε is the random error term.
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon