Question
The following estimated regression equation was developed for a model involving two independent variables. hat(y)=40.7+8.63x_(1)+2.71x_(2) After x_(2) was dropped from the model, the least
The following estimated regression equation was developed for a model involving two independent variables.\
hat(y)=40.7+8.63x_(1)+2.71x_(2)
\ After
x_(2)
was dropped from the model, the least squares method was used to obtain an estimated regression equation involving only
x_(1)
\ as an independent variable.\
hat(y)=42.0+9.01x_(1)
\ a. Give an interpretation of the coefficient of
x_(1)
in both models.\ In the two independent variable case, the coefficient
x_(1)
represents the expected change in\ corresponding to a\ one unit increase in\ when\ is held constant.\ In the single independent variable case, the coefficient
x_(1)
represents the expected change in\ corresponding to\ a one unit increase in\ b. Could multicollinearity explain why the coefficient of
x_(1)
differs in the two models? If so, how? Assume that
x_(1)
and
x_(2)
are correlated.\
\\\\sqrt(-s)
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