question archive Suppose you run the following regression: yi = βˆ 1 + βˆ 2xi + ˆui where, as usual, yi and xi are deviations from their respective mean values
Suppose you run the following regression: yi = βˆ 1 + βˆ 2xi + ˆui where, as usual, yi and xi are deviations from their respective mean values
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Suppose you run the following regression: yi = βˆ 1 + βˆ 2xi + ˆui where, as usual, yi and xi are deviations from their respective mean values. (a) What will be the value of βˆ 1? Why? (b) Will βˆ 2 be the same as that obtained from Yi = βˆ 1 + βˆ 2Xi + ˆui Why
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