Question: Refer to Brand preference Problem 6.5 a. Transform the variables by means of the correlation transformation (7.44) and fit the standardized regression model (7.45). b.

Refer to Brand preference Problem 6.5

a. Transform the variables by means of the correlation transformation (7.44) and fit the standardized regression model (7.45).

b. Interpret the standardized regression coefficient b1*.

c. Transform the estimated standardized regression coefficients by means fo (7.53) back to the ones for the fitted regression model in the original variables.

Problem 6.5 Data: n = 16

Yi Xi1 Xi2
64 4 2
73 4 4
61 4 2
76 4 4
72 6 2
80 6 4
71 6 2
83 6 4
83 8 2
89 8 4
86 8 2
93 8 4
88 10 2
95 10 4
94 10 2
105 10 4

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