Suppose we want to estimate the model Y = β₀ + β₁x₁_t+ β₂x₂_t + β₃x₃_t + β₄x₄_t + ε.There is reason to believe,however,that the error term is autocorrelated.How can we estimate the parameters for this regression?

Question

Quizplus · Accepted Answer

The Answer of Suppose we want to estimate the model Y = β₀ + β₁x₁_t+ β₂x₂_t + β₃x₃_t + β₄x₄_t + ε.There is reason to believe,however,that the error term is autocorrelated.How can we estimate the parameters for this regression?

Suppose We Want to Estimate the Model Y = β0

Suppose We Want to Estimate the Model Y = β₀