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!

-----------------------

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 Mathematics Questions!