Basic Econometrics PART 2- Ordinary Least Squares (OLS) Method

Описание: Ordinary Least Squares (OLS) Method | Regression Analysis Explained Simply!

🎥 In this video, we break down the OLS (Ordinary Least Squares) method — the backbone of regression analysis — using a simple, step-by-step example. Whether you're a beginner in statistics or preparing for exams like UGC NET, BA Hons, BA Programme, or studying at Delhi University (DU), this explanation is tailored just for you!

🔍 What you'll learn:

What is the OLS method?

Why do we minimize squared errors?

Step-by-step calculation of intercept (β₀) and slope (β₁)

How to fit a regression line using OLS

Easy example with only 3 data points

Got a question? Comment below!
#OLS #RegressionAnalysis #Statistics #Econometrics #DU #DelhiUniversity #UGCNET #BAProg #BAHons #Economics #SimpleExplanation #LineOfBestFit #Residuals #GoodnessOfFit #EconometricsBasics #StudyWithMe