question archive 3) Consider the linear regression model Yi=? +?1Xi +Ui Suppose that there are no data on Xi but we have data on Zi=ao+a1X1, whrer ao and a1 are arbitrary known constants
3) Consider the linear regression model Yi=? +?1Xi +Ui Suppose that there are no data on Xi but we have data on Zi=ao+a1X1, whrer ao and a1 are arbitrary known constants
Subject:EconomicsPrice: Bought3
3) Consider the linear regression model Yi=? +?1Xi +Ui Suppose that there are no data on Xi but we have data on Zi=ao+a1X1, whrer ao and a1 are arbitrary known constants. Using data of variable Zi we can estimate Yi=co+c1Zi +Ui Show how from the estimates of o c ˆ and 1 c ˆ you can obtain the estimates of the original model
