Question: (X) is a continuous variable that takes on values between 5 and (100 . Z) is a binary variable. Sketch the following regression functions (with
\(X\) is a continuous variable that takes on values between 5 and \(100 . Z\) is a binary variable. Sketch the following regression functions (with values of \(X\) between 5 and 100 on the horizontal axis and values of \(\hat{Y}\) on the vertical axis):
a. \(\hat{Y}=2.0+3.0 \times \ln (X)\).
b. \(\hat{Y}=2.0-3.0 \times \ln (X)\).
c. i. \(\hat{Y}=2.0+3.0 \times \ln (X)+4.0 Z\), with \(Z=1\).
ii. Same as (i), but with \(Z=0\).
d. i. \(\hat{Y}=2.0+3.0 \times \ln (X)+4.0 Z-1.0 \times Z \times \ln (X)\), with \(Z=1\).
ii. Same as (i), but with \(Z=0\).
e. \(\hat{Y}=1.0+125.0 X-0.01 X^{2}\).
Step by Step Solution
3.42 Rating (165 Votes )
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
