Interpret the parameter estimates in words. Question 1SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted RSquareStandard0.9996660.9993330.999307ErrorObservations39.5124754ANOVASignificanceFDfSMSFRegressionResidual2 1.19E+08 59656970 38211.391.03E-815179622.991561.235Total531.19E+08StandardUpper95%Lower95.0%Upper95.0%CoefficientsErrort StatP-valueLower 95%15.44438InterceptReall incomeReal Wealth-9.7149112.53213-0.7752 0.441801-34.8742 15.44438-34.87420.7264610.0139951.925367.96E-460.698374 0.7545480.698374 0.7545480.0364110.00258914.065323.48E-190.031214 0.041608 0.031214 0.041608

Name: Interpret the parameter estimates in words. Question 1SUMMARY OUTPUTRe
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Description: Interpret the parameter estimates in words. Question 1SUMMARY OUTPUTRegression StatisticsMultiple RR SquareAdjusted RSquareStandard0.9996660.9993330.999307ErrorObservations39.5124754ANOVASignificanceFDfSMSFRegressionResidual2 1.19E+08 59656970 38211.

The intercept value is -9.7149. This is interpreted as the value of consumption when real income and…

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Statistics

Interpret the parameter estimates in words.

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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