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The following is a partial result of Multiple Regression analysis conducted in Excel. Predictor Coefficients Standard...

The following is a partial result of Multiple Regression analysis conducted in Excel.

Predictor

Coefficients

Standard Error

t Statistic

p-value

Intercept

-139.61

2548.99

-0.05

0.157154

x1

4.25

22.25

1.08

0.005682

x2

3.10

17.45

1.87

0.03869

x3

15.18

11.88

1.03

0.00002

Specify the following:

Regression Equation:

Which independent/predictor variables are statistically significant at α = 0.01 and Why?

math   Statistics-And-Probability   
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Answer #1

The independent/predictor variables X1 and X3 are statistically significant at α = 0.01 because the p-value of t statistic is less than 0.01

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