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, then is unbiased.
7. Efficiency
- unbiased estimator with least variance
8. Explained Sum of Squares (ESS)
- total variation in the Y reflected (captured in
SRF)
- a quantity used in describing how well a
model, often a regression model, represents the data
being modelled.
9. Goodness of fit
- how well the sample regression line fits the
data
-the extent to which observed data match
the values expected by theory.
10. Heteroscedasticity
1
2
u i
(n - 2)
SSR
(2.61)
(n 2)