Skip to content
Q35Section ST (Statistics (Q11–Q65))35 of 65

Least squares slope through the origin

Consider the linear regression model yi=β1xi+ϵiy_i = \beta_1 x_i + \epsilon_i, i=1,2,…,ni = 1,2,…,n, where β1\beta_1 is an unknown parameter, ϵi\epsilon_i's are uncorrelated random errors with mean 0 and finite variance σ2>0\sigma^2 > 0. The five data points (x1,y1)=(2,5)(x_1,y_1) = (2,5), (x2,y2)=(1,6)(x_2,y_2) = (1,6), (x3,y3)=(3,4)(x_3,y_3) = (3,4), (x4,y4)=(2,3)(x_4,y_4) = (2,3) and (x5,y5)=(4,6)(x_5,y_5) = (4,6) yield the least squares estimate of β1\beta_1 to be equal to ________ (rounded off to two decimal places).

Numerical answer: type the number (no options).

Type your answer and check it.