Forty observations were used to estimate y = 0 + 1 x 1 +
Question:
Forty observations were used to estimate y = β0 + β1x1 + β2x2 + ε. A portion of the regression results is shown in the following table.
a. What is the point estimate for β1? Interpret this value.
b. What is the sample regression equation?
c. What is the predicted value for y if x1 = 29 and x2 =25.
Transcribed Image Text:
Standard Coefficients Error tStat p-value 5.71 1.56E-06 0.1516.87 5.84E-19 4.83 2.38E-05 Intercept 13.83 2.42 -2.53 0.29 X1 X2 0,06
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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