Show which of the following models can be estimated by the OLS, where X, y and...

Show which of the following models can be estimated by the OLS, where X, y and Z are variables and α,β,γ are parameters to be estimated. The models can be rearranged if necessary.

(1) y_t=α+βx_t+u_t [5 marks]

(2) y_t=e^α x_t^β e^(u_t ) [5 marks]

(3) y_t=α+βγx_t+u_t [5 marks]

(4) y_t=α+βx_t Z_t+u_t [5 marks]

Expert Solution

Colby Messinger answered 1 year ago

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