For the following data set: a. Construct the multiple regression equation b. Predict the value of y
Question:
For the following data set:
a. Construct the multiple regression equation
b. Predict the value of y when x1 = 15.3, x2 = 4.7, x3 = 0.6, x4 = 8.2.
c. What percentage of the variation in y is explained by the model?
d. Is the model useful for prediction? Why or why not? Use the α = 0.05 level.
e. Test H0: β1 = 0 versus H1: β1 ≠ 0 at the α = 0.05 level. Can you reject H0? Repeat for β2. β3 and β4.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: