Econometrics. Lecture 3. Ordinary Least Squares Estimation

In this lecture we outline the method of ordinary least squares estimation and derivate the OLS estimators for the parameters of the linear regression model 00:00 Introduction and repetition 12:03 The idea of OLS method 19:43 Derivation of OLS estimators 33:31 OLS estimators 37:00 Example 47:34 OLS terminology 59:06 The meaning of OLS regression line 1:09:59 Prediction with OLS 1:12:27 Measures of fit 1:20:33 Regression R squared 1:30:58 Conclusion The course “Econometrics“ for the 2nd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Spring semester 2022