- #1
sigh1342
- 31
- 0
Homework Statement
My question is q.3 in the attachment. I don't really understand the scenario of the question.
The Attempt at a Solution
For (a), if X = 1, will the model become: y = (b_1)(E_1) + epsilon? So (b_i)'s are the slopes of the models? But what is the assumption of the model?
And for the rest of the question, I'm just looking for someone to explain to me a little bit more.