Exhibit
a. y = β0 + β1x1 + β2x2 + ε
b. E(y) = β0 + β1x1
c. = b0 + b1 x1 + b2 x2
d. E(y) = β0 + β1x1 + β2x2 3.
Refer to Exhibit.
Which equation describes the multiple regression equation?
a. equation a
b. equation b
c. equation c
d. equation d
When estimating y = β0 + β1x1 + β2x2 + β3x3 + ε, you wish to test H0: β1 = β2 = 0 versus HA: At least one βi ≠ 0. The value of the test statistic is F(2,20) = 2.50 and its associated p-value is 0.1073. At the 5% significance level, the conclusion is to ________. Multiple Choice a. reject the null hypothesis; we can conclude that x1 and x2 are jointly significant b. not reject the null hypothesis;...
1. Consider the following simple regression model: y = β0 + β1x1 + u (1) and the following multiple regression model: y = β0 + β1x1 + β2x2 + u (2), where x1 is the variable of primary interest to explain y. Which of the following statements is correct? a. When drawing ceteris paribus conclusions about how x1 affects y, with model (1), we must assume that x2, and all other factors contained in u, are uncorrelated with x1. b....
1) Given the model y = βο + β1X1 + β2X2 + β3X3 + ε if we plot y against X1 and get a parabola shaped curve then what does this suggest? Choose the correct answer. a) E(ε) does not equal zero b) an X12 term is needed c) an X22 term is needed d) constant variance violated
31. Suppose you fit a multiple linear regression model y = β0 + β1x1 + β2x2 + β3x3 + β4x4 + ε to n = 30 data points and obtain SSE = 282 and R^2 = 0.8266 a.) Find an estimate of s^2 for the multiple regression model (a) s^2 ≈ 30.9856 (b) s^2 ≈ 28.6021 (c) s^2 ≈ 1.3111 (d) s^2 ≈ 29.7938 (d) b.) Based on the data information given in a.), you use F-test to test H0...
2) Suppose the original regression is given by y = β0 + β1x1 + β2x2 + β3x3 + u. You want to test for heteroscedasticity using F test. What auxiliary regression should you run? What is the null hypothesis you need to test?
Consider the regression model y=β0+β1x1+β2x2+u Suppose this is estimated by Feasible Weighted Least Squares (FWLS) assuming a conditional variance function Varux=σ2h(x). Which of the following statements is correct? A) The function h(x) does not need to be estimated as part of the procedure B) If the assumption about the conditional variance of the error term is incorrect, then FWLS is still consistent. C) FWLS is the best linear unbiased estimator when there is heteroscedasticity. D) None of the above answers...
Suppose you fit the multiple regression model y = β0 + β1x1 + β2x2 + ϵ to n = 30 data points and obtain the following result: y ̂=3.4-4.6x_1+2.7x_2+0.93x_3 The estimated standard errors of β ̂_2 and β ̂_3 are 1.86 and .29, respectively. Test the null hypothesis H0: β2 = 0 against the alternative hypothesis Ha: β2 ≠0. Use α = .05. Test the null hypothesis H0: β3 = 0 against the alternative hypothesis Ha: β3 ≠0. Use α...
Problem 3. A department store investigated the effects of advertising expenditure on the weekly sales for its men's wear, children's wear, and women's wear departments. Five weeks were randomly selected for each department to be used in the analysis (this makes 15 weeks in total, ?n). The variables are as follows: ?y = weekly sales ?1x1 = advertising expenditure ?2x2 = 1 if it is the children's wear department and a 0 otherwise ?3x3 = 1 if it is the...
1.The following tables give the results for the full model, as well as a reduced model, containing only experience Test Ho: ß,-Bs-0 vs HA: β2 and/or β3 # 0 Complete Model: Y-βο + β1X1 + β2X2 + β3Xs + ε ANOVA MS P-value df 76.9 Regression Residual Total 2470.4 823.5 224.7 2695.1 .0000 10.7 21 24 Reduced Model: Y = β0 + β X + ε MS df 1 23 24 value 2394.9 2394.9 183.5 0.0000 300.2 13.1 2695.1 Regression...
The mathematical equation relating the expected value of the dependent variable to the value of the independent variables, which has the form of E(y) = β0 + β1x1 + β2x2 + β3x3 +...+ βpxp is: a. a multiple regression equation. b. a simple linear regression model. c. a multiple nonlinear regression model. d. an estimated multiple regression equation.