Question: The multiple linear regression model y - 0 + 1x1 + 2x2 is litted to a data set of n = 30 observations. (a) Suppose

The multiple linear regression model
y - β0 + β1x1 + β2x2
is litted to a data set of n = 30 observations.
(a) Suppose that β^1 = -45.2 and s.e.(β^1) = 39.5, and that β^2 = 3.55 and s.e.( β^2) = 5.92. Is it clear that both x1 and x2: should be removed from the model?
(b) Suppose that β^1 = -45.2 and s.e.( β^2) = 8.6, and that β^2 = 3.55 and s.e.( β^2) = 0.63. Is it clear that you would not want to remove either x1 or x2 from the model?

Step by Step Solution

3.55 Rating (179 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The pvalue for variable 1 is 2 Pt 27 114 026 The pvalue for variable 2 ... 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

943-M-S-P (9662).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!