Multiple regression analysis in Excel produced the following tables 1 State the multiple regression equation 2 Interpret the meaning of the coefficients X 1 and X 2 in the table 3 Forecast the value of the dependent variable if X 1 20 and X 2 9 Coefficients Standard Error t Statistic p value 0 0009...

1 Y 7209 329 X 1 117 X 2 2 For every unit in ...

Multiple regression analysis in Excel produced the following tables: 1. State the multiple regression equation. 2. Interpret

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Multiple regression analysis in Excel produced the following tables:

Coefficients Standard Error t Statistic p value 0.000947 720.9429 Intercept 154.5534 3.990108 2.333548 -3.2897 0.170675

1. State the multiple regression equation.

2. Interpret the meaning of the coefficients X₁ and X₂ in the table.

3. Forecast the value of the dependent variable if X₁ = 20 and X₂ = 9.

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Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

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Question Posted: Nov 29, 2018 09:18 AM

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Multiple regression analysis in Excel produced the following tables: 1. State the multiple regression equation. 2. Interpret

Question:

Coefficients Standard Error t Statistic p value 0.000947 720.9429 Intercept 154.5534 3.990108 2.333548 -3.2897 0.170675 -1.43058 5.83E-05 0.335605 5.30407 1.17015 X, df SS MS p value 0.000286 Regression Residual 121,783 61,876.68 183,659.6 60,891.48 4,125.112 14.76117 15 Total 17

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