Probability Definitions
The term probability has been interpreted in terms of four definitions : 1. Classical Definition of Probability: the classical definition …
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Assumptions of Classical Linear Regression Model
Following are the assumptions underlying when we use method of Least Squares Assumption 1: Linear regression model The regression model …
Expected Values or Mathematical Expectations
The expected value, or mean, of a random variable is a measure of the central location for the random variable. …
Gauss – Markov Theorem / BLUE Properties
Given the assumptions of the classical linear regression model, the least-squares estimators, in the class of unbiased linear estimators, have …