Please write R scripts to solve the following questions: Q:…

/in /by

Question Please write R scripts to solve the following questions: Q:… Please write R scripts to solve the following questions: Q: Estimate the alpha for the Goyal data. Starting with initial guesses for alpha_0 of 0.1, 0.2, and 0.3, the correct estimates for alpha_1 are 0.254, 0.329, and 0.366, respectively. Using an iterative procedure of least squares regressions, you will nd that the correct estimate for alpha converges to a value between 0 and 1. To what value does the correct estimate for alpha converge? Below is the Goyal data:Degree,Number of authors0,245781,250782,171393,50694,30895,18536,12327,8158,6319,44310,32911,22612,15613,13414,8715,7316,6017,5118,3519,1920,2721,1622,923,1124,1525,726,727,628,729,130,231,332,133,234,235,036,037,038,039,040,041,242,043,044,045,146,047,048,049,050,051,052,053,054,155,056,057,058,059,060,061,1 Engineering & Technology Computer Science IDS 564 Share QuestionEmailCopy link Comments (0)