Question: The following is the estimation results for a multiple linear regression model using the Ordinary Least Squares (OLS) method: Y = 0 + 1 X
The following is the estimation results for a multiple linear regression model using the Ordinary Least Squares (OLS) method:
Y=0+1X1+2X2+3X3+
SUMMARY OUTPUT
Regression Statistics
R-Square 0.737
Regression Standard Error (S) 395.10
Observations 68
Estimation results
Coeff Std. Error
Intercept -11.039 5.109
X1 0.469 0.340
X2 -0.555 0.425
X3 -1.215 0.332
Use the fitted model to make a prediction for Y when X1 = 0. 218, X2 = -1.037, and X3 = 1.370. The predicted Y value is (keep three decimals):
Group of answer choices
6.531
-12.026
-9.513
8.236
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