1. Cochrane-Orcutt. Consider a linear regression model Yt =B₁ + B₂xt + Et. Suppose you have the following data for four time periods: t 1 2 3 4 Yt 0 2 2 0 0 1 2 3 Without using any software, find the Cochrane-Orcutt and Prais-Winsten estimates for ₁ and 3₂. Show your work. Compare the estimates.

Fig: 1