Question In the PRF represented in the equation (1), assume the error term u¡ ~ i.i.d N(0,♂²), prove the OLS estimates ß₁ is an unbiased estimate of b₁.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.7: More On Inequalities
Problem 44E
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In the PRF represented in the equation (1),
assume
the error term
u¡ ~ i.i.d N(0,♂²), prove the OLS estimates ₁ is an unbiased estimate of b₁.
Transcribed Image Text:Question In the PRF represented in the equation (1), assume the error term u¡ ~ i.i.d N(0,♂²), prove the OLS estimates ₁ is an unbiased estimate of b₁.
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