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Linear Modelingmedium
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The variance of the OLS intercept estimator is given by Var(β^0)=σ2[1n+xˉ2∑(xi−xˉ)2]Var(\hat{\beta}_0) = \sigma^2 \left[ \frac{1}{n} + \frac{\bar{x}^2}{\sum (x_i - \bar{x})^2} \right]Var(β^​0​)=σ2[n1​+∑(xi​−xˉ)2xˉ2​]. Under what condition is the variance of the intercept estimator minimized, assuming the sample size nnn and the spread of xxx are fixed?