can anyone derive estimates of the 's in the following models?
1. Yi = 0 + 1(xi + 5) + i
2. Yi = 1xi + i
3. Yi = 0 + i
4. Yi = 0 + 1xi + 2wi + i
where i = 1....n
i literally have no idea where im meant to start on this one?
Here is the simplest possible explanation of the Least Square method. Other than that I would urge you to continue querying the forum.
Example Method of Least Squares
Best regards,
wirefree