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    Exam 3: Bivariate Ols: the Foundation of Econometric Analysis
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    Please Explain Why Residuals Need to Be Squared in Process
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Please Explain Why Residuals Need to Be Squared in Process

Question 8

Question 8

Essay

Please explain why residuals need to be squared in process of generating OLS coefficients.

Correct Answer:

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We square the residuals because we want ...

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