Consider A Linear Regression Model Where Y Represents The Response Variable, X Is A Quantitative Explanatory Variable, And D Is A Dummy Variable The Model Is Estimated As what 14 8 4 4x 3 8d Consider a linear regression model where y represents the response variable, x is a quantitative explanatory variable, and d is a dummy variable The model is estimated as yhat 14 8 4 4 x 3 8 d a Interpret the dummy variable coefficient Intercept shifts down by 3 8 units as d changes from 0 to 1 Slope shifts down by 3 8 units as d changes from 0 to 1 Intercept shifts up by 3 8 units as d changes from 0 to 1 Slope shifts up by 3 8 units as d changes from 0 to 1 b Compute Y hat for x 3 and d 1 (Round your final answer to 1 decimal place ) y hat c ComputeY hat for x 3 and d 0 (Round your final answer to 1 decimal place )

The Answer is in the image, click to view ...

Question: Consider A Linear Regression Model Where Y Represents The Response Variable, X Is A Quantitative Explanatory Variable, And D Is A Dummy Variable. The Model

Consider A Linear Regression Model Where Y Represents The Response Variable, X Is A Quantitative Explanatory Variable, And D Is A Dummy Variable. The Model Is Estimated As what = 14.8 + 4.4x ? 3.8d.

Consider a linear regression model where y represents the response variable, x is a quantitative explanatory variable, and d is a dummy variable. The model is estimated as

yhat = 14.8 + 4.4x ? 3.8d.

Interpret the dummy variable coefficient.

	Intercept shifts down by 3.8 units as d changes from 0 to 1.
	Slope shifts down by 3.8 units as d changes from 0 to 1.
	Intercept shifts up by 3.8 units as d changes from 0 to 1.
	Slope shifts up by 3.8 units as d changes from 0 to 1.

b.	Compute Y-hat for x = 3 and d = 1. (Round your final answer to 1 decimal place.)

y-hat =

c.	ComputeY-hat for x = 3 and d = 0. (Round your final answer to 1 decimal place.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Consider a linear regression model where y represents the response variable, x is a numerical explanatory variable, and dis a dummy variable. The model is estimated as 16.1+3.9x - 3.6d. a. Interpret...

Consider a linear regression model where y represents the response variable, x is a quantitative explanatory variable, and dis a dummy variable. The model is estimated as = 16.2 + 3.7x - 4.1d. a....

Exercise 17-1 Algo 7 Consider a linear regression model where y represents the response variable, x is a quantitative explanatory variable, and dis a points dummy variable. The model is estimated as...

In Exercises 1126, determine whether each equation defines y as a function of x. x + y = 16

Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares include...

Which countries gain and which countries lose from the availability of cheap natural gas?

Let A1, A2,, An be an arbitrary collection of n events in a sample space . Show that This is known as Bonferronis inequality. (Hint: Apply Booles inequality from the last exercise to the events Ai ,...

The Goldman Company retails two products, a standard and a deluxe version of a luggage carrier. The budgeted income statement is as follows: REQUIRED 1. Compute the breakeven point in units, assuming...

1)Pros and cons of data minig tool called data miner - web scrapping tool 2)Pick web content mining and answer the following What are the tools used for the area you chose Which tools are easiest to...

Price-setting firms that discriminate in hiring decisions to the extent that the most productive workers may not be hired are likely to: a. charge a lower price for output than firms who do not...

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been...

__________ measures the extent to which the distribution of income (or consumption expenditures) among individuals or households within an economy deviates from a perfectly equal distribution. A) The...

Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of...

You give a presentation about technical operations management concepts to an audience that knows very little about the subject. Which McCandless Method concept helps ensure your audience does not...

3. Question 3 Imagine it is currently the first day of 2019. The corporate tax rate is 40 % and the WACC is estimated to be 13 % pa. Suppose also that there is no surplus cash in any year and that...

4.) (10 points) Identify a common chart pattern on the following stock price and volume chart (prices are the upper candlesticks, volume is the lower bar graph). Identify directly on the chart any...

The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....

2-1. Several of the most important equal employment opportunity laws became law in the period from 1964 to 1991. Title VII of the 1964 Civil Rights Act states that an employer cannot discriminate...

2-5 Give examples of attitudes that undermine diversity efforts, and explain how you would create a diversity management program.

2-3 Illustrate two defenses you can use in the event of discriminatory practice allegations, and list specific discriminatory personnel management practices in recruitment, selection, promotion,...