61. CLASSICAL LINEAR REGRESSION MODEL | OLS ESTIMATE | Concept | Digression (estimate derivation)
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- Опубліковано 2 лют 2021
- #classicallinearregressionmodel #olsestimate #clrm #econometrics
The classical Linear regression model is one of the important cornerstones of econometrics. It is important to understand the concepts and get hold of important areas.
The estimators that we create through linear regression give us a relationship between the variables. However, performing a regression does not automatically give us a reliable relationship between the variables. In order to create reliable relationships, we must know the properties of the estimators and show that some basic assumptions about the data are true. One must understand that having a good dataset is of enormous importance for applied economic research.
The estimation and hypothesis testing are the twin branches of statistical inference. Based on the OLS, we obtained the sample regression, such as the one shown in Equation.
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Good Lecture❤
Good one
Thanks! Keep watching
Ma'am you are really wonderful. I'm shocked how I understood everything so quickly, I was struggling before. The best thing is you teach it from the very basic, each and every term is explained. I'm so grateful that I came across your channel. I might do good this semester! thank you so much.
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I really like th way you took you time and explain things
than you for a great wok
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Thank you for the same
Tomorrow is my exam and I was panicking and thinking how will I study but I found your videos and belive me they are helping me a lot. Thank you so much ma'am!
Best of luck!
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Hello Ritesh , thank you for watching and following Economics Pedia.
Good explanation.
Nice explanation ma'am 👍
Thank you.
Thank you so much mam
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👌👌
Outstanding
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Thank you so much mam
All the best
KHATAMMMMM
👍🏻
Love from Bangladesh
love from Bangladesh
Please solve this question-
Consider the linear regression model y = - 1.5x + 5.6 + e, where e is a normal random variable with mean 0 and variance O ^ 2 = 4 Determine the mean and standard deviation of when x = 2 and x = 4.5
I didn't understand the part after del values and its calculation.
Where is second order condition for minima
What is del?
Ma'am residual, error term, stochastic error term... etc all r same???
That is an appreciable question. Answering to your question, error term and stochastic error term are same, but error and residual are not same. The difference of it has been explained in the session as well. Thank you for your support and stay tuned to Economics Pedia for new sessions.
Ols is minimize of error term or residual term?
Hello Rachit, OLS is minimization of RSS i.e., residual sum of squares. Stay tuned for more such interesting topics. Subscribe and press the bell icon to never miss any update from Economics Pedia. Thank you very much!
Mam smjh m toh khair kuch nhi aaya
Pr aapko dekh kr acha boht lga..
😂😂😂
Mam what is the difference between clrm and linear regression model
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Great cute mam.
Looks confused in the middle