Solution Found!
Show that in a simple linear regression model the point
Chapter 11, Problem 20E(choose chapter or problem)
QUESTION:
Show that in a simple linear regression model the point \((\bar{x}, \bar{y})\) lies exactly on the least squares regression line.
Questions & Answers
QUESTION:
Show that in a simple linear regression model the point \((\bar{x}, \bar{y})\) lies exactly on the least squares regression line.
ANSWER:Problem 20E
Show that in a simple linear regression model the pointlies exactly on the least squares regression line.
Step by Step solution
Step 1 of 3
To show in simple linear regression model the point lies exactly on the least squares regression line.
Suppose there be n paired observations in the sample as:.