Question: Consider a linear regression model where y represents the response variable, d1 is a dummy variable assuming values of 0 or 1, and d2 is

Consider a linear regression model where y represents the response variable, d1 is a dummy variable assuming values of 0 or 1, and d2 is another dummy variable assuming values of 0 or 1. The model is estimated as ŷ = 160 + 15d1 + 32d2.

a. Compute ŷ for d1 = 1 and d2 = 1.

b. Compute ŷ for d1 = 0 and d2 = 0.

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