Calculate the mean of the true value of Y , and compare it to the mean of the predicted value of Y. Are they the equal?
Economics Questions Derive the critical values of β0^ and β1^ that minimize the residual sum of squares for the following sample regression model Yi=β0^+β1^Xi+ei^ Derive the critical values of α0^ and α1^ that minimize the residual sum of squares for the following sample regression model Yi=α0^+α1^(Xi−X¯)+ei^ Download this dataset and load it into STATA for […]