# Given certain conditions, find the least squares estimate.

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Let Y1 and Y2 be independent random variables, with means theta, and 3*theta, respectively. Find the least squares estimate of theta. (See attachment)

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#### Solution Preview

So, first we can write this in the usual form: Y=Xb+E. This would look like the following...

Vec(Y1 Y2)' ...

#### Solution Summary

A step-by-step solution is provided for the following problem: Let Y1 and Y2 be independent random variables, with means theta, and 3*theta, respectively. Find the least squares estimate of theta.

$2.49