eco question

HW1 Due on 6/4/2018

1.

(a)

(b)

2. Calculate fitted value and residual when Xi=3, then calculate SSR ( sum of squared residuals)

Hint:

Fitted value is defined as

3.

X Y

2 3

4 5

5 7

7 10

Label each of the items in the preceding two equations as either random or deterministic.