Some researchers3 illustrate a multiple linear regression equation to predict the yearly output of an oil field.
Question:
y = loge (yearly output) where output is measured in 100,000 barrels
x1 = loge (number of startup wells) where the number of new startup wells is measured in 1000.
x2 = loge (water volume) where last year's injected water volume is measured in 100,000 gallons
The least squared fit, to n = 20 years of data, gives the results
SS due to regression = 6.2696
SSE = .0431
(a) Predict the response for
(i) x1 = 1.5 and x2 = 2.5
(ii) x1 = 2.5 and x2 = 3.5
(b) Estimate the error standard deviation o and state the degrees of freedom.
(c) What proportion of the y variability is explained by the fitted regression?
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Related Book For
Statistics Principles And Methods
ISBN: 9780470904114
7th Edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
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