1. A professor examined the relationship between the number of hours devoted to reading, each week...
ek-tin Based on the following regression output, what proportion the total variation in Y is explained by X? Regression Statistics Multiple R 0.917214 R Square 0.841282 Adjusted R Square 0.821442 Standard Error 9.385572 Observations 10 ANOVA di SS MS Significance F 1 Regression 3735.3060 3735.30600 42.40379 0.000186 Residual 8 704.7117 88.08896 9 Total 4440.0170 Coefficients Standard Error t Stat P-value Lower 95% Intercept 31.623780 10.442970 3.028236 0.016353 7.542233 X Variable 1.131661 0.173786 6.511819 0.000186 0.730910 o a. 0.917214 o b.9.385572...
Question 2: Indicate whether each of the following statements is true or false and explain concisely why. 1. The Frisch-Waugh-Lovell theorem states that in a multiple linear re- gression Y = Bo + B1X1 + B2X2 + B3X3 + B4X4 +U, the estimate 1 we get for B1 is what we would have obtained by regressing Y on "the part of Xị that has nothing to do with X2, X3, X1, and U.
An aircraft company wanted to predict the number of worker-hours necessary to finish the design of a new plane. Relevant explanatory variables were thought to be the plane’s top speed, its weight, and the number of parts it had in common with other models built by the company. A sample of 27 of the company’s planes was taken, and the following model was estimated: y = b0 + b1x1 + b2x2 + b3x3 + e where y = design effort,...
A nutritionist wants to model the relation between calories, protein, fat, and carbohydrates in breakfast cereal. Using a random sample of 12 ready-to-eat breakfast cereals, she obtained the following data per 100g of cereal Protein(g) Fat(9) Carbohydrates(9) 89 83 88 81 81 Calories 373 380 389 370 355 381 357 387 347 385 386 377 87.1 3.8 4 3 93.7 10 3.2 32 - 3.4 3.2 9.1 5.5 6.4 1.8 7.9 1.8 3.6 3.9 6.4 3.6 6 1 73 89...
Given the model: the student average score, status, and type of major. There are two status types, Freshman and Sophomore, and there are two majors, architecture and business. The two qualitative regressors are Where y represents the year and x1, x2, and x3 represent if Freshman if Sophomore And if Architecture Major if Business Major X3= (a) Interpret the regression coefficients Bo, b1, b2, and b3 b) Interpret the following null hypothesis tests: b2-b3-0 AND b1-0
QUESTION 27 Q27. A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. She estimates the model: Salary = Bo + B1 Service + ε. The following ANOVA table below shows a portion of the regression results. df SS M S F Regression 555,420 555,420 7.64 Residual 27 1,962,873 72,699 Total 28 2 ,518,293 Coefficients Standard Error t-stat p-value Intercept 784.92 322.25 2.44 0.02...
Use the Minitab output to answer the following questions. 1. What is the estimated value of B2? 2. What is the value of SST? 3. What is the value of MSR? 4. What is the value of S2? 5. What is the predicted value of Y when X1 = 7, X2 = 5, and X3 = 3? (round your answer to two decimal places) 6. What is the residual for the predicted value in question 5? The value of Y...
Question 1 (4 points] 1. [1 point] Suppose the regression model is logarithmic: log(Y) = B1 + B2 log(X) +u. The estimate of B2 is 0.035. What is the interpretation of this coefficient? 2. (1 point] Suppose the regression model is semi-logarithmic: log(Y) = Bi + B2X + u. The estimate of B2 is 0.035. What is the interpretation of this coefficient? 3. [1 point] Suppose the regression model has quadratic term: Y = Bi+B2X + B3 X2 +u. The...
7.22. In the regression model Y; = Bo + B1Xi + B2(3X} – 2) +Ei, i = 1,2,3, with X1 = -1, X2 = 0, and X3 = 1, what happens to the least squares estimates of Bo and B1 when B2 = 0? Why?
1. What is the coefficient of determination and why is it important? What does it show us? 2. What is heteroskedasticity, which assumption of the linear model does it violate, and how can we test for it? 3. What is multicollinearity? What problems can it cause to our results? 4. If you decide to scale both your dependent and your independent variable by 100, how will your regression results change? 5. Using N=40 observations, you estimate the following model y...