(i) Define a simple regression model. What are the assumptions? (ii) Obtain the least squares…

(i) Define a simple regression model. What are the assumptions? (ii) Obtain the least squares estimators of the parameters of the simple regression model. (iii) Obtain the least squares estimates of the parameters of a simple regression model using data in 9.1(ii). Consider Y as the dependent and X as the independent variable. Interpret your results.