5. Suppose you estimate a sample OLS regression model. The resulted regression equation is: Y; = 4.1 + 3.5 X¡ + Ei. Yi, Xi, and ɛ; denote the dependent variable, independent variable, and the regression residual, respectively: i indexes each individual observation. If X¡ is equal to 2, what is the predicted value of Y;? а. 23.5 b. 19.6 с. 15.2 d. 11.1 None of the above choices (a)-(d). e.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Statistics
Step by step
Solved in 2 steps with 2 images
