Question: hi , i need help in answering these question please only answer if you know it and 100% sure of the answer -------------------------- question 1
hi , i need help in answering these question please only answer if you know it and 100% sure of the answer -------------------------- question 1 ( estimation techniques) The multiple regression model is given as follows: Y = a + 1X1 + 2X2+t Y = Sales revenues per year in millions of dollars X1 = Marketing expenditure in millions of dollars X2 = Quality control spending in millions of dollars t = disturbance term Regression equation: Y = 15.7 + 1.885X1 + 1.925X2+t while p-value for X1 = 0.0003 and p-value for X2 = 0.1047 a) Interpret the meaning of coefficients and p-values for each independent variables from the above equation b) Estimate the sales revenues when the marketing expenditure is $15 million and quality control spending is $4.5 million c) If the R-square value = 0.6454. Interpret the meaning of this R-square! -----------------------
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