Consider the regression equation log Y₁ = log 3.42 +1.5 log X₁₁ +1.26 log X₂₁.a. Predict the value of Y when X₁ =7.3 and X₂ = 4.3.b. Interpret the meaning of the regression coefficients b₁ and b2. O A. Holding constant the other variables, for each one percent increase in X, or X₂, the value of Y increases by b₁or b₂ percent respectively.O B. Holding constant the other variables, for each one percent increase in X₁ or X₂, the value of Y increases by b₁or b₂ units respectively.O C. For every decrease of one unit of Y, holding bo constant, the estimated change in log X₁ or log X₂ is b₁ or b₂units respectively.O D. Holding constant the other variable, for every decrease of bo units in X, or X₂, the value of Y increases by b₁or b₂ units respectively.

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Answered: Consider the regression equation log Y₁…

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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Consider the regression equation log Y₁ = log 3.42 +1.5 log X₁ +1.26 log X2i- a. Predict the value of Y when X₁ =7.3 and X₂ = 4.3. b. Interpret the meaning of the regression coefficients b₁ and b₂.