Wasn’t really too difficult for him to surpass my last professor. My professor checked out during Covid. Felt like I learned nothing. Retaking it now in my masters hoping to get ahead with these videos.
@@dustinrossg I started my Economics studies with corona and well.. my first statistics course was basically useless. ( The Prof only uploaded PPT files which didn't really help much at all.) So I am with you in trying to obtain some knowledge by myself here! YT videos can really be a great help!
Great video! Thanks a lot! I have two questions, the error term includes all variables that influence X? and if the larger the variance of X, the more precisely can Beta1 be estimated? I believe that the second case is true, but still not so sure.
You miss to include the assumption that your independent variable is error free. This is one assumption that is seldom tackled, introducing large bias.
you legit explained it better than my lecturer!
Wasn’t really too difficult for him to surpass my last professor. My professor checked out during Covid. Felt like I learned nothing. Retaking it now in my masters hoping to get ahead with these videos.
@@dustinrossg I started my Economics studies with corona and well.. my first statistics course was basically useless. ( The Prof only uploaded PPT files which didn't really help much at all.)
So I am with you in trying to obtain some knowledge by myself here!
YT videos can really be a great help!
Well explained .
Great video! Thanks a lot! I have two questions, the error term includes all variables that influence X? and if the larger the variance of X, the more precisely can Beta1 be estimated? I believe that the second case is true, but still not so sure.
This is brilliant!
You miss to include the assumption that your independent variable is error free. This is one assumption that is seldom tackled, introducing large bias.
Great video '
Thank you Sir for the great video!
Incredibly well explained, thanks
Why call it a random sample for a person?