Suppose ๐‘ฆ = ๐›ฝ0 + ๐›ฝ1 ๐‘ฅ1 + ๐›ฝ2 ๐‘ฅ2 + ๐œ– is linear regression model of weekly food expenditure (y) on weekly household income (x1 ) and household size (x2 ). Suppose

Suppose ๐‘ฆ = ๐›ฝ0 + ๐›ฝ1
๐‘ฅ1 + ๐›ฝ2
๐‘ฅ2 + ๐œ– is linear regression
model of weekly food expenditure (y) on weekly
household income (x1
) and household size (x2
). Suppose
also that the coefficients ๐›ฝ0
, ๐›ฝ1
and ๐›ฝ2
are to be estimated
using the method of Least Squares (OLS) estimation.

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