Question: Question 2 Consider the regression model: In(7IME) = B, + B, In(DEPART) +e. (1) (a) Estimate equation (1) using least squares technique and report the

Question 2 Consider the regression model: In(7IME) = B, + B, In(DEPART) +e. (1) (a) Estimate equation (1) using least squares technique and report the results. (3 Marks) (b) Interpret the regression coefficients. (4 Marks) (c) Find and interpret the 90% confidence interval for 5. (4 Marks) (d) Find and interpret the coefficient of determination. (3 Marks) (e) Using a 10% significance level, based on the model estimated in (a), test the hypothesis that departure time has a positive effect on the time to travel to work. Clearly present the test statistic and the restricted model. (6 Marks) (f) Based on the model estimated in (a), determine the time to travel to work when the DEPART is equal to 50

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