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Econometrics Course: Cost at the Dependent Variable (II)

Econometrics Course: Cost at the Dependent Variable (II). Paul G. Barnett, PhD November 3, 2010. Review of Ordinarily Least Squares (OLS) . Classic linear model Assume dependent variable can be expressed as a linear function of the chosen independent variables, e.g.:

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Identical variance e - PowerPoint PPT Presentation

Econometrics Course: Cost at the Dependent Variable (II)