3. Consider a simple linear regression model (Y: Consumption, X: Disposable Income)Y = Bi + B2Xiteaccording to the data (n = 10) given, we haveY =nΣ(x − x)2-i=1Σi=1nΣΥ; - 1)2i=1ΣXiYii=1ei = 1.2X = 3 ΣX=30 Σx = 147i=1= 57n7 Y₁ = 70 Y² = 597= 107=1i=1ni=1ni=1n225, (X-X)(Y₂ - Y) = 15i=1(a) Obtain the estimates of 32 and 3₁ based on the numerical information given above.(b) Calculate the estimate of Var (3₂).(4)(c) Write down your fitted regression (estimated regression) model, and interpret the results.(d) Predict Yo value (the level of consumption) when the value of Xo (Income level) is givenby 12.

The given model is as follows:The given values are as follows:n =10,

Answered: 3. Consider a simple linear regression…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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