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So a researcher is interested in finding out the factors which determined the yearly spending on family outings last year ? (?Y, measured in? dollars).
So a researcher is interested in finding out the factors which determined the yearly spending on family outings last year ?
(?Y, measured in? dollars). She compiles data on the number of members in a family ?(X1?), the annual income of the family ?(X2?), and the number of times the family went out on an outing in the last year ?(X3?). She collects data from 152 families and estimates the following? regression:
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