Suppose you used Minitab to fit the model y = β0 + β1x1 + β2x2 + ε

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Suppose you used Minitab to fit the model
y = β0 + β1x1 + β2x2 + ε
to n = 15 data points and obtained the printout shown below.
Suppose you used Minitab to fit the model
y = β0

a. What is the least squares prediction equation?
b. Find R2 and interpret its value.
c. Is there sufficient evidence to indicate that the model is useful for predicting y? Conduct an F-test using a = .05.
d. Test the null hypothesis H0: β1 = 0 against the alternative hypothesis Ha: β1 ‰  0. Test using a = .05. Draw the appropriate conclusions.
e. Find the standard deviation of the regression model and interpret it.

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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