Question: The following correlation matrix shows the pairwise correlations among three variables: two explanatory variables X1 and X2 and the response denoted by Y. For example,

The following correlation matrix shows the pairwise correlations among three variables: two explanatory variables X1 and X2 and the response denoted by Y. For example, corr(Y, X2) = 0.2359.
The following correlation matrix shows the pairwise correlations among three

(a) Why does it make sense to put 1s down the diagonal of this table?
(b) Find the slope of the simple regression of Y on X1, if you can. If you cannot, indicate what€™s missing.
(c) Do you think that the marginal slope for Y on X2 will be similar to the partial slope for X2 in the multiple regression of Y on X1 and X2?

Y 1.0000 0.8667 0.2359 X1 0.8667 1.0000 0.0000 X2 0.2359 0.0000 1.00000

Step by Step Solution

3.52 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The correlation of something with itself is 1 b Y... View full answer

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

Document Format (1 attachment)

Word file Icon

489-M-S-L-R (2704).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!