Least-squares line through five upward points
Question
Five observations are , , , and , written as . Fit a straight line by least squares and report the slope plus the intercept.
Short answer
. With and , and , so the slope is and the intercept equals ; together .
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Open the worked solutionLessons behind this question
- Simple Linear Regression: OLS Estimators and Geometry
- Multiple Linear Regression
- Populations, Samples, and Sampling Distributions
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