Suppose you used Minitab to fit the model y = β0 + β1x1 + β2x2 + ε
Question:
y = β0 + β1x1 + β2x2 + ε
to n = 15 data points and obtained the printout shown below.
a. What is the least squares prediction equation?
b. Find R2 and interpret its value.
c. Is there sufficient evidence to indicate that the model is useful for predicting y? Conduct an F-test using a = .05.
d. Test the null hypothesis H0: β1 = 0 against the alternative hypothesis Ha: β1 0. Test using a = .05. Draw the appropriate conclusions.
e. Find the standard deviation of the regression model and interpret it.
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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