Problem 2. [SW 14.9] You have a sample of size n = 1 with data y₁ = 2 and x₁ = 1. You are interested in the value of 3 in the regression Y = XB+ u. (Note there is no intercept.) (a) Plot the sum of squared residuals (y₁ - br₁)² as function of b. You can choose your own range for b, one reasonable choice is b € [-2,5]. (Use any software you prefer. Excel is one option.) (b) Show that the least squares estimate of 3 is BOLS = 2. (c) Using ARidge = 1, plot the Ridge penalty term ARidgeb² as a function of b. (d) Using Ridge = 1, plot the Ridge penalized sum of squared residuals (y₁ - bx₁)² + XRidgeb². Please put all three lines in one plot.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 5EA
icon
Related questions
Question
100%

Parts A, C, and D. Can you put them all on one excel graph please. It should be one figure with three lines. 

Problem 2. [SW 14.9]
You have a sample of size n = 1 with data y₁ = 2 and ₁= 1. You are interested in the value of
3 in the regression Y = XB+ u. (Note there is no intercept.)
(a) Plot the sum of squared residuals (y₁ - bx₁)² as function of b. You can choose your own range
for b, one reasonable choice is b € [−2,5]. (Use any software you prefer. Excel is one option.)
(b) Show that the least squares estimate of 3 is BOLS = 2.
(c) Using Ridge = 1, plot the Ridge penalty term ARidgeb² as a function of b.
(d) Using Ridge = 1, plot the Ridge penalized sum of squared residuals (y₁ - br₁)² + XRidgeb².
Please put all three lines in one plot.
Transcribed Image Text:Problem 2. [SW 14.9] You have a sample of size n = 1 with data y₁ = 2 and ₁= 1. You are interested in the value of 3 in the regression Y = XB+ u. (Note there is no intercept.) (a) Plot the sum of squared residuals (y₁ - bx₁)² as function of b. You can choose your own range for b, one reasonable choice is b € [−2,5]. (Use any software you prefer. Excel is one option.) (b) Show that the least squares estimate of 3 is BOLS = 2. (c) Using Ridge = 1, plot the Ridge penalty term ARidgeb² as a function of b. (d) Using Ridge = 1, plot the Ridge penalized sum of squared residuals (y₁ - br₁)² + XRidgeb². Please put all three lines in one plot.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Similar questions
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning