Consider a simple linear regression model, Y₁ = ß₁ + ß₁X; + &; for i = 1,2,...,n with the usual random error term (₁) assumptions. Suppose that hypotheses Ho: P₁ = 0 against H₁:₁ <0 were tested and Ho: B₁ = 0 was rejected. Assume ₁ e₁² = 0. i) Briefly explain what the conclusion of the test means for the values of Y given the values of X. ii) Draw an example of a scatter plot with the fitted regression line for the problem mentioned above. iii) Calculate and interpret the correlation coefficient for the problem at hand.
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- Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?A) A linear regression has a =6 and b=5 what is y predicted as when x=9? B) A linear regression has b=3 and a=4.What is the predicted Y for x=7?Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 21 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 0.9, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 90000 and the sum of squared errors (SSE) is 10000. From this information, what is the number of degrees of freedom for the t-distribution used to compute critical values for hypothesis tests and confidence intervals for the individual model…
- Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 12 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 0.85, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 85000 and the sum of squared errors (SSE) is 15000. From this information, what is SSE/SST? (a) .2 (b) .13 (c) NONE OF THE OTHERS (d) .15 (e) .25Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 21 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 0.8, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 80000 and the sum of squared errors is (SSE) 20000. From this information, what is the value of the hypothesis test statistic for evidence that the true value of the coefficient of the second explanatory unknown exceeds 5? (a) 4 (b) 3…Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 11 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 0.72, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 72000 and the sum of squared errors (SSE) is 28000. From this information, what is MSE/MST? (a) .4000 (b) .3000 (c) .5000 (d) .2000 (e) NONE OF THE OTHERS
- Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 16 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 45/62, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 90000 and the sum of squared errors (SSE) is 34000. From this information, what is the critical value needed to calculate the margin of error for a 95 percent confidence interval for one of the model coefficients? (a) 2.069 (b) 2.110 (c)…Suppose that n = 50, i.i.d. observations for (Yi, Xi) yield the followingregression results: Ŷ= 49.2 + 73.9X, SER = 13.4, R2 = 0.78. (23.5) (16.4)Another researcher is interested in the same regression, but makes an errorwhen entering the data into a regression program: The researcher enterseach observation twice, ending up with 100 observations (with observation1 entered twice, observation 2 entered twice and so forth).a. Using these 100 observations, what results will be produced by theregression program? (Hint: Write the “incorrect” values of the samplemeans, variances, and covariances of Y and X as functions of the “correct”values. Use these to determine the regression statistics.) Ŷ = ____ + ____X, SER = ____, R2 = ____. (____) (____)b. Which (if any) of the internal validity conditions are violated?Use the general equation for the least square regression line to show that this line always passes through the point (x,y) * bars above the x and y.That is, set x=x(with a bar above the x) and show that the line predicts that y=y (with a bar above the y).
- Consider the two variable regression model: Y = Bo+P,Edu+ B2EXP21 + u, where Y denotes the average monthly income, Edu denotes the number of years of education, Exp denotes the number of years of experience, and u, denotes the error term. Suppose the researcher wants to test whether the effect of education on average monthly income and the effect of experience on the average monthly income of an individual are the same or not So, the test the researcher wants to conduct is Ho: B = 6, vs. H, f,+P2 The hypotheses can be tested by modifying the original regression equation to turn the restriction into a restriction on a single regression coefficient. Suppose the regression function is modified in the following way: Y, Po+Y,Edu, + B2W +u, where y, =P,-P2 and W, = Edu,, + Exp2i %D Since y, = B, - B2, the test the researcher wants to conduct will now be Ho: y=0 vs. H y0. Let y, and SE(y,), denote the estimated slope coefficient of y, and the standard error of 7, respectively. is .D IS If…For x={1 2 3 4 5} and y={2 1 4 3 6} use normal equation (c =(ATA)-1ATy) to find with: a-) linear regression coefficients, b-) the linear regression equation, c-) residel sum of squares(RSS)A forecaster used the regression equation Qt = a + bt+c₁D₁ + C2D2 + c3D3 and quarterly sales data for 2004/–2021/V (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D₁, D2 and D3 are dummy variables for quarters /, //, and ///. DEPENDENT VARIABLE: QT OBSERVATIONS: VARIABLE INTERCEPT T D1 D2 D3 R-SQUARE 64 0.8768 PARAMETER ESTIMATE 30.0 1.5 10.0 25.0 40.0 F-RATIO P-VALUE ON F 107.982 0.0001 STANDARD ERROR 12.80 0.70 3.00 7.20 15.80 T-RATIO 2.34 2.14 3.33 3.47 2.53 P-VALUE 0.0224 0.0362 0.0015 0.0010 0.0140 At the 5 percent level of significance, is there a statistically significant trend in sales?