Y 70 12 50 9 57 9 60 14 43 9 52 11 Find the estimators for B1 and B2 correct to decimal points and fit the regression equation for X and Y when X is the explanatory variable. Interpret the results from the obtained equation. calculate the sum of error squared. i. ii. iii.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Y
70
12
50
9
57
60
14
43
9
52
11
i.
Find the estimators for Bi and B2 correct to decimal points and fit the regression
equation for X and Y when X is the explanatory variable.
Interpret the results from the obtained equation.
calculate the sum of error squared.
Find the variance of the sum square error
ii.
iii.
iv.
Find the standard error for B2
Find the coefficient of correlation and give its interpretation
V.
vi.
Transcribed Image Text:Y 70 12 50 9 57 60 14 43 9 52 11 i. Find the estimators for Bi and B2 correct to decimal points and fit the regression equation for X and Y when X is the explanatory variable. Interpret the results from the obtained equation. calculate the sum of error squared. Find the variance of the sum square error ii. iii. iv. Find the standard error for B2 Find the coefficient of correlation and give its interpretation V. vi.
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