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Given the above OLS output, the equation model can be interpreted as: Y = 130102 222.337 (YIELD) 0.0768084 (PRODUCTION) Holding all else constant, a rise
Given the above OLS output, the equation model can be interpreted as: Y = 130102 222.337 (YIELD) 0.0768084 (PRODUCTION) Holding all else constant, a rise in yield by one bushel per acre would result in a reduction in total income by approximately $222. This means that the financial impact of increasing the yield by one unit is negative. However, the yield is not considered statistically significant at the 1% level since the P-value is 0.7073. Would you reject the hypothesis
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