Stat 112 Review Notes for Chapter 3, Lecture Notes 1-5

Some properties of the least squares estimates are: (i) Unbiased estimators: The means of the sampling distribution of and are and respectively. (ii) Consistent estimators: As the sample size increases, the probability that and will come close and respectively converges to 1. (iii) Minimum variance estimators: The least squares estimators are ... ................
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