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Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~ N(0,σ2)(Use the assumptions outlined in our class and available for review in the lecture notes posted on RamCT to answer the following questions)
(a) Identify the dependent variable in this model. Is it random? If so, how is it distributed (what is the mean and variance)? Is it observable or not?
(b) Identify the parameters of this model. Are they random? If so, how are they distributed (what is the mean and variance)? Is it observable or not?
(c) Identify the error term in this model. Is it random? If so, how is it distributed (what is the mean and variance)? Is it observable or not?
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ear Sir/Madam, I need somebody to implement the followintg models and test: Plot the variables studied Test for a unit root of all my variables using the ADF (p) tests for the le
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when is an econometric model said to be simple and naive
Question: The data needed to answer this question are in Assignment3.dat, which is a subset of a larger dataset on wages and attributes of husband and wives in American househo
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