Using 20 observations, the multiple regression model y = Bo + B1x1 + B2x2 + ɛ was estimated. A portion of the regression results is as follows: Significance F 3.07E-08 df SS MS F Regression Residual 2 2.12E+12 1.06E+12 56.556 17 3.19E+11 1.88E+10 Total 19 2.44E+12 t Stat -7.505 Upper 95% -709,941 98,125 Coefficients Standard Error p-Value 0.000 Lower 95% Intercept -987,557 131,583 32,653 -1,265,173 X1 29,233 0.895 0.383 -39,660 X2 30,283 32,645 0.928 0.367 -38,592 99,158
Using 20 observations, the multiple regression model y = Bo + B1x1 + B2x2 + ɛ was estimated. A portion of the regression results is as follows: Significance F 3.07E-08 df SS MS F Regression Residual 2 2.12E+12 1.06E+12 56.556 17 3.19E+11 1.88E+10 Total 19 2.44E+12 t Stat -7.505 Upper 95% -709,941 98,125 Coefficients Standard Error p-Value 0.000 Lower 95% Intercept -987,557 131,583 32,653 -1,265,173 X1 29,233 0.895 0.383 -39,660 X2 30,283 32,645 0.928 0.367 -38,592 99,158
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Concept explainers
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
Question
At the 5% significance level, are the predictor variables jointly significant?
At the 5% significance level, evaluate each of the independent or predictor variables.
Think about the five common problems with regression models, what is most likely wrong with this model?

Transcribed Image Text:Using 20 observations, the multiple regression model y =
Bo + B1x1 + B2x2 + ɛ was estimated. A portion of the regression results is as follows:
Significance F
3.07E-08
df
SS
2.12E+12
MS
F
Regression
Residual
2
1.06E+12
56.556
17
3.19E+11
1.88E+10
Total
19
2.44E+12
t Stat
-7.505
p-Value
0.000
Upper 95%
-709,941
98,125
Coefficients
Standard Error
Lower 95%
Intercept
-987,557
29,233
131,583
32,653
-1,265,173
-39,660
X1
0.895
0.383
X2
30,283
32,645
0.928
0.367
-38,592
99,158
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman