Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answering the questions (a)~(c)! Thank you very much!!!!!!! Please answer it very clear! Step by step! With some explanations! Round off the numerical answers

Please answering the questions (a)~(c)! Thank you very much!!!!!!!

Please answer it very clear! Step by step! With some explanations!

Round off the numerical answers to 4 significant figures. Thank you!!!!

image text in transcribed
Question 2. We are interested in the relationship between the response Y and the predictor X . 121 Xi 2:121 XE 21:1 XE 21:1 X51 20 326.5122 5437.494 92263.52 1593187 We are interested in predicting the value of Y when X = 30. You are given (a) Suppose that the true relationship between Y and X is given by Y = 16+3X+Err0r. Here, the error terms are independent N (0, 02) random variables. Pretend that you do not know the above relationship. You do the prediction by regressing Y against X . Denote the predicted value by 391, and the true value by yp . Find E(yp "Qp) and V0.1\"(yp Qp) . You may leave the notation 02 in your answer. (b) The true relationship between Y and X assumed in part (a) can be rewritten as Y : 16+3X+0~X2+Error. Now, you do the prediction by regressing Y against both X and X 2. Denote the predicted value by 3);, and the true value by yp. Find E'(yp 32p) and Var(yp 32p) . You may leave the notation 02 in your answer. (c) Compare your answers in (a) and (b). If you are very condent that the relationship between Y and X is a straight line, which method, (a) or (b), should you use

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

Finite Mathematics and Its Applications

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

12th edition

978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632

More Books

Students also viewed these Mathematics questions