Student Zeynep Derya Hakan Demet Erkan Y 30 80 60 40 20 X 2543 2 1 Σ(»,} = 2320 , ΣΧΥ = 840 , Σxy =150, Y = 46, X=3, [x² = 55, ΣX = 15 Some data you can use in your calculations a) Calculate the parameters of the linear regression model with any method you want b) Interpret the estimated parameters. c) Draw the scatter diagram and the regression line.

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Student
Zeynep
Derya
Hakan
Demet
Erkan
Σw =150 , Υ = 46
Y
30
80
60
40
20
X
2
5
4
3
1
Σ(v,) = 2320 ΣΧΥ, = 840
"
X=3, Σx =55, ΣΧ =15
"
Some data you can use in your calculations.
a) Calculate the parameters of the linear regression model with any method you want
b) Interpret the estimated parameters.
c) Draw the scatter diagram and the regression line.
d) Calculate the sum of the error terms, the squares of the error terms, and the squares of
the error terms.
e) Calculate the variance and standard deviation of the error terms.
f) Calculate the variance and standard deviation of the parameter estimators.
g) Calculate the confidence interval of the parameters at the 5% significance level (t table
value is 3.128).
h) Calculate and interpret the point elasticity for Hakan.
i) Calculate the total variability, the explained variability, and the unexplained variability.
j) Draw and fill in the analysis of variance (ANOVA) table
k)
Calculate and interpret the coefficient of determination (R²).
1)
Calculate the F value, set up the relevant hypothesis test, and interpret for a= 0.05
significance level (F table value is 10.12).
Transcribed Image Text:Student Zeynep Derya Hakan Demet Erkan Σw =150 , Υ = 46 Y 30 80 60 40 20 X 2 5 4 3 1 Σ(v,) = 2320 ΣΧΥ, = 840 " X=3, Σx =55, ΣΧ =15 " Some data you can use in your calculations. a) Calculate the parameters of the linear regression model with any method you want b) Interpret the estimated parameters. c) Draw the scatter diagram and the regression line. d) Calculate the sum of the error terms, the squares of the error terms, and the squares of the error terms. e) Calculate the variance and standard deviation of the error terms. f) Calculate the variance and standard deviation of the parameter estimators. g) Calculate the confidence interval of the parameters at the 5% significance level (t table value is 3.128). h) Calculate and interpret the point elasticity for Hakan. i) Calculate the total variability, the explained variability, and the unexplained variability. j) Draw and fill in the analysis of variance (ANOVA) table k) Calculate and interpret the coefficient of determination (R²). 1) Calculate the F value, set up the relevant hypothesis test, and interpret for a= 0.05 significance level (F table value is 10.12).
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