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.

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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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