A simple linear regression equation, Y = a + bX, is estimated by a computer program, which
Question:
A simple linear regression equation, Y = a + bX, is estimated by a computer program, which produces the following output:
a. How many degrees of freedom does this regression analysis have?b. What is the critical value of t at the 5 percent level of significance?c. Test to see if the estimates of a and b are statistically significant.d. Discuss the p-values for the estimates of a and b.e. How much of the total variation in Y is explained by this regression equation? How much of the total variation in Y is unexplained by this regression equation?f. What is the critical value of the F-statistic at a 5 percent level of significance? Is the overall regression equation statistically significant?g. If X equals 100, what value do you expect Y will take? If X equals 0?
Step by Step Answer:
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021909
12th edition
Authors: Christopher Thomas, S. Charles Maurice