hi,Need steps and answers,ty, **Part 2: Prediction Models and Change Analysis**---**Instructions:**For each of the following models, state what the expected value of $ Y $ is when $ X = 50 $. Also, state how the predicted value of $ Y $ changes when $ X $ increases by 5 units (i.e., a 10% increase).---**Model Equation:**\[ Y = 2.7 + 0.94 (\ln X) \]---**Table Layout:**| Problem | $ X = 50 $ | $ X = 55 $ | Diff | 5 Units increase in X causes Y to | 10% change in X causes the following % change in Y || ------- | ---------- | ---------- | ---- | -------------------------------- | ----------------------------------------------- | | | | | | | | ---**Explanation of the Table:**- **Columns:** - **Problem:** Refers to the specific prediction model or problem being analyzed. - **$ X = 50 $:** The value of $ Y $ when $ X $ is 50. - **$ X = 55 $:** The value of $ Y $ when $ X $ is 55. - **Diff:** The difference in the value of $ Y $ between $ X = 50 $ and $ X = 55 $. - **5 Units increase in X causes Y to:** Describes the change in $ Y $ when $ X $ increases by 5 units. - **10% change in X causes the following % change in Y:** Describes the percentage change in $ Y $ when $ X $ increases by 10%.**Analysis Workflow:**1. **Calculate the values of $ Y $ for $ X = 50 $ and $ X = 55 $** using the given model equation.2. **Determine the difference (Diff)** between the values of $ Y $ at $ X = 50 $ and $ X = 55 $.3. **Analyze the effect of a 5-unit increase in $ X $** on the value of $ Y $.4. **Evaluate the percentage change** in $ Y $ corresponding to a 10% increase in $ X $.---This structured approach will help in understanding the behavior of the given model and the sensitivity

Name: hi,Need steps and answers,ty, **Part 2: Prediction Models and Change A
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Description: hi,Need steps and answers,ty, **Part 2: Prediction Models and Change Analysis**---**Instructions:**For each of the following models, state what the expected value of $ Y $ is when $ X = 50 $. Also, state how the predicted value of $ Y $ changes

A regression model is used to predict the value of response variable using the value of explanatory…

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Part 2. For each of the following models, state what the expected value of Y is when X = 50. Also, state how the predicted value of Y changes when X increases by 5, units (i.e., a 10% increase). Problem X=50 X=55 Diff 5 Units increase in X causes Y to 10% change in X causes the following % change in Y Y= 2.7+0.94(InX)

Part 2. For each of the following models, state what the expected value of Y is when X = 50. Also, state how the predicted value of Y changes when X increases by 5, units (i.e., a 10% increase). Problem X=50 X=55 Diff 5 Units increase in X causes Y to 10% change in X causes the following % change in Y Y= 2.7+0.94(InX)

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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hi,

Need steps and answers,

ty,

**Part 2: Prediction Models and Change Analysis**

---

**Instructions:**

For each of the following models, state what the expected value of $ Y $ is when $ X = 50 $. Also, state how the predicted value of $ Y $ changes when $ X $ increases by 5 units (i.e., a 10% increase).

---

**Model Equation:**

\[ Y = 2.7 + 0.94 (\ln X) \]

---

**Table Layout:**

| Problem | $ X = 50 $ | $ X = 55 $ | Diff | 5 Units increase in X causes Y to | 10% change in X causes the following % change in Y |
| ------- | ---------- | ---------- | ---- | -------------------------------- | ----------------------------------------------- |
| | | | | | |

---

**Explanation of the Table:**

- **Columns:**
- **Problem:** Refers to the specific prediction model or problem being analyzed.
- **$ X = 50 $:** The value of $ Y $ when $ X $ is 50.
- **$ X = 55 $:** The value of $ Y $ when $ X $ is 55.
- **Diff:** The difference in the value of $ Y $ between $ X = 50 $ and $ X = 55 $.
- **5 Units increase in X causes Y to:** Describes the change in $ Y $ when $ X $ increases by 5 units.
- **10% change in X causes the following % change in Y:** Describes the percentage change in $ Y $ when $ X $ increases by 10%.

**Analysis Workflow:**
1. **Calculate the values of $ Y $ for $ X = 50 $ and $ X = 55 $** using the given model equation.
2. **Determine the difference (Diff)** between the values of $ Y $ at $ X = 50 $ and $ X = 55 $.
3. **Analyze the effect of a 5-unit increase in $ X $** on the value of $ Y $.
4. **Evaluate the percentage change** in $ Y $ corresponding to a 10% increase in $ X $.

---

This structured approach will help in understanding the behavior of the given model and the sensitivity

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