Exercise 15.01 Algo (Least Square Method) The estimated regression equation for a model involving two independent variables and 10 observations follows. ŷ = 29.2294 + 0.7721a1 + 0.5887z a. Interpret bi and by in this estimated regression equation (to 4 decimals). bi = 0.7721 y changes by 0.7721 when x1 increases by 1 unit and x2 stays the same bz = 0.5887 y changes by 0.5887 when x2 increases by 1 unit and x1 stays the same v b. Estimate when a1 = 180 and a2 = 310 te 3 decimals).

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Exercise 15.01 Algo (Least Square Method)
Question 1 of 10
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Check My Work
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raded
The estimated regression equation for a model involving two independent variables and 10 observations follows.
û = 29.2294 + 0.7721a + 0.5887x2
a. Interpret bị and b2 in this estimated regression equation (to 4 decimals).
b = 0.7721
y changes by 0.7721 when x1 increases by 1 unit and x2 stays the same v
bz = 0.5887
y changes by 0.5887 when x2 increases by 1 unit and x1 stays the same v
b. Estimate when a1 = 180 and az = 310te 3 decimals).
Transcribed Image Text:Save Submit Assignment for Grading Exercise 15.01 Algo (Least Square Method) Question 1 of 10 Hint(s) Check My Work not raded The estimated regression equation for a model involving two independent variables and 10 observations follows. û = 29.2294 + 0.7721a + 0.5887x2 a. Interpret bị and b2 in this estimated regression equation (to 4 decimals). b = 0.7721 y changes by 0.7721 when x1 increases by 1 unit and x2 stays the same v bz = 0.5887 y changes by 0.5887 when x2 increases by 1 unit and x1 stays the same v b. Estimate when a1 = 180 and az = 310te 3 decimals).
Expert Solution
Step 1

Given, 

The regression equation are given,

y =29.2294 + 0.7721 x1+ 0.5887 x2

where,

β0 = 29.2294β1 = 0.7721β2 = 0.5887

The given equation is multiple regression equation.

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