Consider the following population regression function: Y = Xβ + U
where Y= ,X= ,β = ,U= Given the following information on population growth rates (Y)and education (X)for 86 countries , , , , a)find X'X,X'Y, (X'X)-1 and finally (X'X)-1 X'Y.
b)Interpret the slope,and if necessary,the intercept.

Question

Consider the following population regression function: Y = Xβ + U
where Y=  ,X=  ,β =  ,U=  Given the following information on population growth rates (Y)and education (X)for 86 countries  ,  ,  ,  ,  a)find X'X,X'Y, (X'X)-1 and finally (X'X)-1 X'Y.
b)Interpret the slope,and if necessary,the intercept.

Quizplus · Accepted Answer

The Answer of Consider the following population regression function: Y = Xβ + U
where Y=  ,X=  ,β =  ,U=  Given the following information on population growth rates (Y)and education (X)for 86 countries  ,  ,  ,  ,  a)find X'X,X'Y, (X'X)-1 and finally (X'X)-1 X'Y.
b)Interpret the slope,and if necessary,the intercept.

Consider the Following Population Regression Function: Y = Xβ