Loading icon
How to name, save and export a finish template


Regression models are a workhorse method of statistical and/or econometric analysis. These models can take the form , where is the dependent variable and the independent variable. 

a) These equations are usually fit to data using a technique known as “Ordinary Least Squares”, or OLS. Briefly explain the mechanics and intuition behind this method. Whyis a model estimated using OLS considered a “line of best fit” for a given data set?

b) Using a couple of sentences in each case, explain the meanings behind the following terms in the context of the above regression model. 

c) Regression models often employ the assumptions and . Explain the meanings of thesetwo terms. You may like to illustrate these assumptions (or their violations) by providinggraphs such as scatter plots. What implications do they have for 

(i) the standard errors from the model, and 

(ii) the Gauss-Markov Theorem?


This Assignment has been solved by our Experts at Assignmentsample. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.


Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction. 


Choose File
No file chosen...