Average Value of the Variable & Explanatory Variables - Economics Assignment Help

Assignment Task

Symbol    Definition
K    Number of explanatory variables
N    Number of Observations (Number of values of each variable in the model)
Y    The variable described (explained). Its values can be represented as: Yn, n = 1,2, ..., N about Column Matrix Y elements. Usually such a matrix is defined by a vector with N coordinates.
yn    The nth value is the declared variable (its value in nth observation). This is the nth element of the Y column matrix.
f    model (relationship between explanatory and explained variables)
xk, k=1,2,...K    Descriptive variables. They can be represented as Xk, k = 1,2, ... K column vectors or vectors. The number of the matrices will be K; each will consist of N elements
xnk, n=1,2,...N      n-th value of k-th explanatory variable (n-th element of the column matrix Xk) 
n    is the number of the next observation (time moment)
     Average values for variable y and xk, respectively

Basic Patterns:

Average value of the variable                   

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