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3. Derive the solution for the estimated intercept (₁) in case of a univariate linear regression.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 5PPS

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3. Derive the solution for the estimated intercept (₁) in case of a univariate linear regression.

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Step 1: Given regression model:

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Step 2: Estimating the parameters:

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Step 3: Solving for estimates:

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