Given a sample of n observations the investigator estimates, Econometrics

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Given a sample of n observations the investigator estimates

An investigator correctly believes that the relationship between two variables X and Y is given by
Yi = β₁ + β₂Xi + ui,

Given a sample of n observations, the investigator estimates β₂by calculating it as the average value of Y divided by the average value of X. Discuss the properties of this estimator. What difference would it make if it could be assumed that β₁ is equal to 0?

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Econometrics: Given a sample of n observations the investigator estimates

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Econometrics: Given a sample of n observations the investigator estimates

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