12 77.4 15 What is dependent and independent variables? Fully write out the regression equation Fill in the missing values *', ***'?'and ??" Hence test whether B is significant. Give reasons for your answer. a. b. c. oking sure to state the null and alternative hypc Domment on its valu

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Question 4
A researcher interested in explaining the level of foreign reserves for the country of
Barbados estimated the following multiple regression model using yearly data spanning the
period 2001 to 2016:
FR-a+BOIL+YEXP+8FDI
Where FR = yearly foreign reserves ($000's), OIL = annual oil prices, EXP= yearly total
exports ($000's) and FDI = annual foreign direct investment ($000's). The sample of data
was processed using MINITAB and the following is an extract of the output obtained:
%3D
%3D
|3D
Predictor
Coef
StDev
t-
p-value
ratio
Constant
5491.38
2508.81
2.1888
0.0491
OIL
85.39
18.46
4.626
0.0006
EXP
-377.08
112.19
0.0057
FDI
-396.99
160.66
-2.471
**
S = 2.45
R-sq
96.3%
R-sq (adj)
95.3%
%3D
%3D
Analysis of Variance
DF
SS
MS
Source
??
3.
1991.31
663.77
Regression
77.4
6.45
12
Error
15
Total
What is dependent and independent variables?
Fully write out the regression equation
Fill in the missing values *
Hence test whether B is significant. Give reasons for your answer.
Perform the F Test making sure to state the null and alternative hypo
Given an interpretation of the term "R-sq" and comment on its valu
a.
b.
*', '?'and ??
c.
d.
e.
f.
玉
Transcribed Image Text:Question 4 A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR-a+BOIL+YEXP+8FDI Where FR = yearly foreign reserves ($000's), OIL = annual oil prices, EXP= yearly total exports ($000's) and FDI = annual foreign direct investment ($000's). The sample of data was processed using MINITAB and the following is an extract of the output obtained: %3D %3D |3D Predictor Coef StDev t- p-value ratio Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 ** S = 2.45 R-sq 96.3% R-sq (adj) 95.3% %3D %3D Analysis of Variance DF SS MS Source ?? 3. 1991.31 663.77 Regression 77.4 6.45 12 Error 15 Total What is dependent and independent variables? Fully write out the regression equation Fill in the missing values * Hence test whether B is significant. Give reasons for your answer. Perform the F Test making sure to state the null and alternative hypo Given an interpretation of the term "R-sq" and comment on its valu a. b. *', '?'and ?? c. d. e. f. 玉
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