OLS
OLS
OLS
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Set of flashcards Details
| Flashcards | 89 |
|---|---|
| Language | English |
| Category | Maths |
| Level | University |
| Created / Updated | 16.11.2017 / 17.11.2017 |
| Licencing | No Copyright (CC0) |
| Weblink |
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To answer questions, To test economic theories
Note that beta stands for the change in H when Y changes by 1 unit. Note that this is not the elasticity.
Distance between line and data points is minimised.
Regression with multiple variables
y = xb + e
Independent variable
The coefficient
The residuals or error term
