R rbcc Junior Member Joined Nov 18, 2009 Messages 126 Oct 28, 2010 #1 Hi, I am having trouble with this question What is the OLS estimate for the model y= u+? ?~iid(0,?^2) where u is a scalar ...I dont know what it is, Is it 0 because there are no betas? Thank You
Hi, I am having trouble with this question What is the OLS estimate for the model y= u+? ?~iid(0,?^2) where u is a scalar ...I dont know what it is, Is it 0 because there are no betas? Thank You
tkhunny Moderator Staff member Joined Apr 12, 2005 Messages 11,325 Oct 28, 2010 #2 That's funny. Usually, it's the generalizations that are a problem. Here we have a simplification. I'm going with the Arithmetic Mean. You can prove it by building your own Normal Equation.
That's funny. Usually, it's the generalizations that are a problem. Here we have a simplification. I'm going with the Arithmetic Mean. You can prove it by building your own Normal Equation.
