Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. (Total 7 points) Do these data meet the conditions required for fitting a least squares line? List the conditions required for linear regression and

image text in transcribed
image text in transcribed
9. (Total 7 points) Do these data meet the conditions required for fitting a least squares line? List the conditions required for linear regression and check if each one is satisfied for this model based on the diagnostic plots (scatterplot, residual plot, and normal probability plot) of EXCEL [Insert the Graphs for the checking assumptions (I point) Check the assumptions using a table below (points)] Assumptions Is the assumption satisfied? Why? Justify your answer 10. (Total 5 points) Rewrite the estimated regression equation, then interpret both coefficients in the grven context 1) Rewrite the estimated regression equation 2) Interpret the slope (1) Write interpretation here (2 points) 3) Interpret the intercept(o) Write interpretation here (2 points) 4) Does the intercept make sense? Write your answer here (1 point) I 11. (Total 3 points) Using the estimated regression equation, please compute residuals of the first 10 obs. Hint: Use EXCEL to find 9 and residuals y Residual Obs 1 2 3 4 5 6 Score 4.7 4.1 3.9 4.8 46 43 ml olm BEN 5 5 5 5 3 3 alu 10. (Total 5 points) Rewrite the estimated regression equation, then interpret both coefficients in the given context i) Rewrite the estimated regression equation. 2) Interpret the slope (b) [Write interpretation here (2 points) 3) Interpret the intercept (oo) [Write interpretation here (2 points)] 4) Does the intercept make sense? [ Write your answer here (1 point)] 11. (Total 3 points Using the estimated regression equation, please compute residuals of the first 10 obs. Hint: Use EXCEL to find 9 and residuals. Residual Obs 1 2 3 4 S 6 Score 4.7 4.1 3.9 4.8 4.6 4.3 Bly. avg 5 S 5 5 3 3 -5- 7 2 N 100 loll 7 8 9 10 2.8 4.1 3.4 4.5 3 3,333 3.333 3.167 9. (Total 7 points) Do these data meet the conditions required for fitting a least squares line? List the conditions required for linear regression and check if each one is satisfied for this model based on the diagnostic plots (scatterplot, residual plot, and normal probability plot) of EXCEL [Insert the Graphs for the checking assumptions (I point) Check the assumptions using a table below (points)] Assumptions Is the assumption satisfied? Why? Justify your answer 10. (Total 5 points) Rewrite the estimated regression equation, then interpret both coefficients in the grven context 1) Rewrite the estimated regression equation 2) Interpret the slope (1) Write interpretation here (2 points) 3) Interpret the intercept(o) Write interpretation here (2 points) 4) Does the intercept make sense? Write your answer here (1 point) I 11. (Total 3 points) Using the estimated regression equation, please compute residuals of the first 10 obs. Hint: Use EXCEL to find 9 and residuals y Residual Obs 1 2 3 4 5 6 Score 4.7 4.1 3.9 4.8 46 43 ml olm BEN 5 5 5 5 3 3 alu 10. (Total 5 points) Rewrite the estimated regression equation, then interpret both coefficients in the given context i) Rewrite the estimated regression equation. 2) Interpret the slope (b) [Write interpretation here (2 points) 3) Interpret the intercept (oo) [Write interpretation here (2 points)] 4) Does the intercept make sense? [ Write your answer here (1 point)] 11. (Total 3 points Using the estimated regression equation, please compute residuals of the first 10 obs. Hint: Use EXCEL to find 9 and residuals. Residual Obs 1 2 3 4 S 6 Score 4.7 4.1 3.9 4.8 4.6 4.3 Bly. avg 5 S 5 5 3 3 -5- 7 2 N 100 loll 7 8 9 10 2.8 4.1 3.4 4.5 3 3,333 3.333 3.167

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance, European Edition

Authors: Peter Moles, Robert Parrino, David S. Kidwell

1st Edition

0470683708, 9780470683705

More Books

Students also viewed these Accounting questions