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Lecture 3: The Simple Regression Model

Lecture 3: The Simple Regression Model. Wooldridge, Ch. 2. The Simple Regression Model. y = b 0 + b 1 x + u Note: 1. Now using y , x for random variables and realisations (data). 2.Also called the two-variable regression model. Some Terminology.

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Lecture 3: The Simple Regression Model