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In a regression analysis involving 30 observations, the following estimated regression equation was obtained. If required enter negative values as negative numbers. Interpret b 1,
In a regression analysis involving 30 observations, the following estimated regression equation was obtained. If required enter negative values as negative numbers.
- Interpret b1, b2, b3, and b4 in this estimated regression equation (to 1 decimal). Assume that for each coefficient statement, the remaining three variables are held constant. Enter negative values as negative numbers.
b1 = estimated change in y per 1 unit change in x1
b2 = estimated change in y per 1 unit change in x2
b3 = estimated change in y per 1 unit change in x3
b4 = estimated change in y per 1 unit change in x4 - Predict y when x1 = 10, x2 = 5, x3 = 1, and x4 = 2 (to 1 decimal).
= 17.6 + 3.8x, - 2.3x2 + 7.6x3 + 2.7x.
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