Question: State your a priori hypotheses about the sign 1 or
State your a priori hypotheses about the sign (1 or 2) of each predictor and your reasoning about cause and effect. Would the intercept have meaning in this problem? Explain.
Answer to relevant QuestionsPerform the regression and write the estimated regression equation (round off to 3 or 4 significant digits for clarity). Do the coefficient signs agree with your a priori expectations? Use the standard error to construct an approximate prediction interval for Y. Based on the width of this prediction interval, would you say the predictions are good enough to have practical value? In a model of Ford's quarterly revenue TotalRevenue = β0 + β1 CarSales + β2 TruckSales + β3 SUVSales + ε, the three predictors are measured in number of units sold (not dollars). (a) Interpret each slope. (b) Would ...Refer to the ANOVA table below. (a) State the degrees of freedom for the F test for overall significance. (b) Use Appendix F to look up the critical value of F for α = .05. (c) Calculate the F statistic. Is the ...(a) Plot both Swiss watch time series on the same graph. (b) Describe the trend (if any) and discuss possible causes. (c) Fit an exponential trend to each time series. (d) Interpret each fitted trend carefully. What ...
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