In a regression analysis involving 30 observations, the following estimated regression equation was obtained. If required enter
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Question:
- Interpret b1, b2, b3, and b4 in this estimated regression equation (to 1 decimal). Assume that for each coefficient statement, the remaining three variables are held constant. Enter negative values as negative numbers.
b1 = estimated change in y per 1 unit change in x1
b2 = estimated change in y per 1 unit change in x2
b3 = estimated change in y per 1 unit change in x3
b4 = estimated change in y per 1 unit change in x4 - Predict y when x1 = 10, x2 = 5, x3 = 1, and x4 = 2 (to 1 decimal).
Related Book For
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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