Question: please help through SAS SOFTWARE for below problem step by step solution and tutoriali. please note that just want to get step by step through

please help through SAS SOFTWARE for below problem step by step solution and tutoriali. please note that just want to get step by step through SAS ( no excel) for this bellow question . i dont want solution from EXCEL.thanks

A trucking company wants to predict the yearly maintenance expense (Y) for a truck using the number of miles driven during the year (X1) and the age of the truck (X2, in years) at the beginning of the year. The company has gathered the data given in the file P10_16. xlsx, where each observation corresponds to a particular truck. a. Estimate a multiple regression equation using the given data. Interpret each of the estimated regression coefficients. Why is the magnitude of the Miles Driven coefficient so much lower than the magnitude of the Age of Truck coefficient? Is it because Miles Driven is not as important in predicting Maintenance Expense? b. Interpret the standard error of estimate se and R2 for these data

Truck Maintenance Expense Miles Driven Age of Truck
1 $908.56 10,500 10
2 $751.12 9,700 7
3 $793.55 9,200 8
4 $619.61 8,300 9
5 $380.11 6,500 5
6 $368.72 4,500 2
7 $235.32 3,500 2
8 $174.93 2,200 3
9 $256.30 1,800 2
10 $799.58 9800 7
11 $436.04 6600 5
12 $304.25 3600 1
13 $226.81 2500 3
14 $179.68 3100 3
15 $726.65 8400 10
16 $810.53 9700 9
17 $142.53 1800 4
18 $915.53 10000 11
19 $813.45 9800 8
20 $803.78 9900 7
21 $227.32 1100 1
22 $231.46 2600 1
23 $839.21 10300 6

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 Finance Questions!