Minimize the residual sum of squares

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Reference no: EM13998533

Given the bivariate sample regression model Yi = βˆ 0 + βˆ 1Xi + ˆei derive the OLS parameter estimates, i.e., derive the critical values of βˆ 0 and βˆ 1 that minimize the residual sum of squares (RSS).

Reference no: EM13998533

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