Re: Statistics Basics



On Jan 24, 5:57 pm, NPD...@xxxxxxxxx wrote:
I'm trying to figure out some simple regression theory and would
appreciate help/comments from the talented folks reading this.

In Simple Linear Regression (SLR),

Yi=beta0 + beta1 Xi + epsilon i

we assume that the parameters beta0 and beta1 are constants along with
Xi

Now, the estimated SLR eqn is :

Y^i = bo + b1 Xi , where "^" denotes hat which is an estimate of the
parameter

Now, when we make inferences for bo and b1, we talk about their
expectations, variances and sampling distributions which means that we
are saying at the outset that they are random variables (RVs).

So, then would it be correct to say that bo, b1 are RVs, but the
paramaters beta0, beta1 are NOT (they are constants) ?

If true, then isn't it rather strange that the parameters are NOT RVs,
but the
estimates (b0, b1) of the parameters ARE RVs ? Is there an intuitive
reasoning ?

I don't really understand what distinction you are trying to make
between b0 and beta0, and b1 and beta1.

b0 and b1 are constants. Their values are determined by analysing the
sample data.

.

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